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Justin Abdelkader Buyout Results

A Justin Abdelkader buyout spans 8 years, has a cost of $9,166,667 and savings of $4,583,333. Abdelkader is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $13,750,000 in salary remaining, the cost is $9,166,667, and the savings are $4,583,333. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$13,750,000$500,00048322/3$9,166,667$4,583,333$1,145,833
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2019-20$4,250,000$4,250,000$500,000$1,145,833$1,645,833$3,104,167$1,145,833
2020-21$3,500,000$4,250,000$0$1,145,833$1,145,833$2,354,167$1,895,833
2021-22$3,000,000$4,250,000$0$1,145,833$1,145,833$1,854,167$2,395,833
2022-23$3,000,000$4,250,000$0$1,145,833$1,145,833$1,854,167$2,395,833
2023-24$0$0$0$1,145,833$1,145,833-$1,145,833$1,145,833
2024-25$0$0$0$1,145,833$1,145,833-$1,145,833$1,145,833
2025-26$0$0$0$1,145,833$1,145,833-$1,145,833$1,145,833
2026-27$0$0$0$1,145,833$1,145,833-$1,145,833$1,145,833
TOTAL$13,750,000$17,000,000$500,000$9,166,667$9,666,667$4,583,333$12,416,664