A Frédérick Gaudreau buyout spans 8 years, has a cost of $5,033,333 and savings of $2,516,667. Gaudreau is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $7,550,000 in salary remaining, the cost is $5,033,333, and the savings are $2,516,667. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $7,550,000 | $0 | 4 | 8 | 31 | 2/3 | $5,033,333 | $2,516,667 | $629,167 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
2024-25 | $2,240,000 | $2,100,000 | $0 | $629,167 | $629,167 | $1,610,833 | $489,167 |
2025-26 | $1,770,000 | $2,100,000 | $0 | $629,167 | $629,167 | $1,140,833 | $959,167 |
2026-27 | $1,770,000 | $2,100,000 | $0 | $629,167 | $629,167 | $1,140,833 | $959,167 |
2027-28 | $1,770,000 | $2,100,000 | $0 | $629,167 | $629,167 | $1,140,833 | $959,167 |
2028-29 | $0 | $0 | $0 | $629,167 | $629,167 | -$629,167 | $629,167 |
2029-30 | $0 | $0 | $0 | $629,167 | $629,167 | -$629,167 | $629,167 |
2030-31 | $0 | $0 | $0 | $629,167 | $629,167 | -$629,167 | $629,167 |
2031-32 | $0 | $0 | $0 | $629,167 | $629,167 | -$629,167 | $629,167 |
TOTAL | $7,550,000 | $8,400,000 | $0 | $5,033,333 | $5,033,333 | $2,516,667 | $5,883,336 |