A Johnny Gaudreau buyout spans 12 years, has a cost of $31,000,000 and savings of $15,500,000. Gaudreau is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $46,500,000 in salary remaining, the cost is $31,000,000, and the savings are $15,500,000. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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, 2023 | $46,500,000 | $12,000,000 | 6 | 12 | 29 | 2/3 | $31,000,000 | $15,500,000 | $2,583,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( CBJ) |
2023-24 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2024-25 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2025-26 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2026-27 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2027-28 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2028-29 | $7,750,000 | $9,750,000 | $2,000,000 | $2,583,333 | $4,583,333 | $5,166,667 | $4,583,333 |
2029-30 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
2030-31 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
2031-32 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
2032-33 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
2033-34 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
2034-35 | $0 | $0 | $0 | $2,583,333 | $2,583,333 | -$2,583,333 | $2,583,333 |
TOTAL | $46,500,000 | $58,500,000 | $12,000,000 | $31,000,000 | $43,000,000 | $15,500,000 | $42,999,996 |