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Jeff Carter Buyout Results

A Jeff Carter buyout spans 6 years, has a cost of $4,666,667 and savings of $2,333,333. Carter is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $7,000,000 in salary remaining, the cost is $4,666,667, and the savings are $2,333,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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.
  • Los Angeles Kings: 50%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jul. 15, 2019$7,000,000$036342/3$4,666,667$2,333,333$777,778
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Pittsburgh PenguinsPIT)CAP HIT (Logo of the Los Angeles KingsLAK)
2019-20$3,000,000$5,272,727$0$777,778$777,778$2,222,222$1,525,253$1,525,252
2020-21$2,000,000$5,272,727$0$777,778$777,778$1,222,222$2,025,253$2,025,252
2021-22$2,000,000$5,272,727$0$777,778$777,778$1,222,222$2,025,253$2,025,252
2022-23$0$0$0$777,778$777,778-$777,778$388,889$388,889
2023-24$0$0$0$777,778$777,778-$777,778$388,889$388,889
2024-25$0$0$0$777,778$777,778-$777,778$388,889$388,889
TOTAL$7,000,000$15,818,181$0$4,666,667$4,666,667$2,333,333$6,742,426 (50%)$6,742,423 (50%)