James Reimer Buyout Results

A James Reimer buyout spans 4 years, has a cost of $2,633,333 and savings of $1,316,667. Reimer is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,950,000 in salary remaining, the cost is $2,633,333, and the savings are $1,316,667. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$3,950,000$2,250,00024312/3$2,633,333$1,316,667$658,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the San Jose SharksSJS)
2019-20$3,100,000$3,400,000$0$658,333$658,333$2,441,667$958,333
2020-21$850,000$3,400,000$2,250,000$658,333$2,908,333$191,667$3,208,333
2021-22$0$0$0$658,333$658,333-$658,333$658,333
2022-23$0$0$0$658,333$658,333-$658,333$658,333
TOTAL$3,950,000$6,800,000$2,250,000$2,633,333$4,883,333$1,316,667$5,483,332
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