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Jonathan Quick Buyout Results

A Jonathan Quick buyout spans 6 years, has a cost of $6,000,000 and savings of $3,000,000. Quick is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $9,000,000 in salary remaining, the cost is $6,000,000, and the savings are $3,000,000. 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.
  • Columbus Blue Jackets: 50%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2020$9,000,000$036342/3$6,000,000$3,000,000$1,000,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New York RangersNYR)CAP HIT (Logo of the Columbus Blue JacketsCBJ)
2020-21$3,500,000$5,800,000$0$1,000,000$1,000,000$2,500,000$1,650,000$1,650,000
2021-22$3,000,000$5,800,000$0$1,000,000$1,000,000$2,000,000$1,900,000$1,900,000
2022-23$2,500,000$5,800,000$0$1,000,000$1,000,000$1,500,000$2,150,000$2,150,000
2023-24$0$0$0$1,000,000$1,000,000-$1,000,000$500,000$500,000
2024-25$0$0$0$1,000,000$1,000,000-$1,000,000$500,000$500,000
2025-26$0$0$0$1,000,000$1,000,000-$1,000,000$500,000$500,000
TOTAL$9,000,000$17,400,000$0$6,000,000$6,000,000$3,000,000$7,200,000 (50%)$7,200,000 (50%)