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Kevin Hayes Buyout Results

A Kevin Hayes buyout spans 4 years, has a cost of $5,333,333 and savings of $2,666,667. Hayes is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,000,000 in salary remaining, the cost is $5,333,333, and the savings are $2,666,667. 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.

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.
  • Philadelphia Flyers: 50%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$8,000,000$2,500,00024322/3$5,333,333$2,666,667$1,333,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the St. Louis BluesSTL)CAP HIT (Logo of the Philadelphia FlyersPHI)
2024-25$4,000,000$7,142,857$1,250,000$1,333,333$2,583,333$2,666,667$2,238,095$2,238,095
2025-26$4,000,000$7,142,857$1,250,000$1,333,333$2,583,333$2,666,667$2,238,095$2,238,095
2026-27$0$0$0$1,333,333$1,333,333-$1,333,333$666,667$666,666
2027-28$0$0$0$1,333,333$1,333,333-$1,333,333$666,667$666,666
TOTAL$8,000,000$14,285,714$2,500,000$5,333,333$7,833,333$2,666,667$5,809,524 (50%)$5,809,522 (50%)