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Justin Abdelkader Buyout Results

A Justin Abdelkader buyout spans 4 years, has a cost of $4,000,000 and savings of $2,000,000. Abdelkader is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $6,000,000 in salary remaining, the cost is $4,000,000, and the savings are $2,000,000. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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, 2021$6,000,000$024342/3$4,000,000$2,000,000$1,000,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2021-22$3,000,000$4,250,000$0$1,000,000$1,000,000$2,000,000$2,250,000
2022-23$3,000,000$4,250,000$0$1,000,000$1,000,000$2,000,000$2,250,000
2023-24$0$0$0$1,000,000$1,000,000-$1,000,000$1,000,000
2024-25$0$0$0$1,000,000$1,000,000-$1,000,000$1,000,000
TOTAL$6,000,000$8,500,000$0$4,000,000$4,000,000$2,000,000$6,500,000