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Jake Allen Buyout Results

A Jake Allen buyout spans 2 years, has a cost of $1,533,333 and savings of $766,667. Allen is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $2,300,000 in salary remaining, the cost is $1,533,333, and the savings are $766,667. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Retained Salary
This contract was involved in a retained salary transaction. The resulting costs and cap hit are therefore split between each team based on the percentage of salary retained by the respective teams.
  • Montreal Canadiens: 50%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$2,300,000$1,000,00012332/3$1,533,333$766,667$766,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New Jersey DevilsNJD)CAP HIT (Logo of the Montreal CanadiensMTL)
2024-25$2,300,000$3,850,000$1,000,000$766,667$1,766,667$1,533,333$1,158,334$1,158,334
2025-26$0$0$0$766,667$766,667-$766,667$383,334$383,334
TOTAL$2,300,000$3,850,000$1,000,000$1,533,333$2,533,333$766,667$1,541,668 (50%)$1,541,668 (50%)