Joel Armia Buyout Results

A Joel Armia buyout spans 6 years, has a cost of $7,733,333 and savings of $3,866,667. Armia is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $11,600,000 in salary remaining, the cost is $7,733,333, and the savings are $3,866,667. 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.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$11,600,000$036292/3$7,733,333$3,866,667$1,288,889
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Montreal CanadiensMTL)
2022-23$3,000,000$3,400,000$0$1,288,889$1,288,889$1,711,111$1,688,889
2023-24$4,800,000$3,400,000$0$1,288,889$1,288,889$3,511,111-$111,111
2024-25$3,800,000$3,400,000$0$1,288,889$1,288,889$2,511,111$888,889
2025-26$0$0$0$1,288,889$1,288,889-$1,288,889$1,288,889
2026-27$0$0$0$1,288,889$1,288,889-$1,288,889$1,288,889
2027-28$0$0$0$1,288,889$1,288,889-$1,288,889$1,288,889
TOTAL$11,600,000$10,200,000$0$7,733,333$7,733,333$3,866,667$6,333,334
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