A Mats Zuccarello buyout spans 8 years, has a cost of $11,333,333 and savings of $5,666,667. Zuccarello is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $17,000,000 in salary remaining, the cost is $11,333,333, and the savings are $5,666,667. 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.
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, 2020 | $17,000,000 | $8,000,000 | 4 | 8 | 32 | 2/3 | $11,333,333 | $5,666,667 | $1,416,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
2020-21 | $2,000,000 | $6,000,000 | $3,000,000 | $1,416,667 | $4,416,667 | $583,333 | $5,416,667 |
2021-22 | $7,500,000 | $6,000,000 | $0 | $1,416,667 | $1,416,667 | $6,083,333 | -$83,333 |
2022-23 | $4,500,000 | $6,000,000 | $3,000,000 | $1,416,667 | $4,416,667 | $3,083,333 | $2,916,667 |
2023-24 | $3,000,000 | $6,000,000 | $2,000,000 | $1,416,667 | $3,416,667 | $1,583,333 | $4,416,667 |
2024-25 | $0 | $0 | $0 | $1,416,667 | $1,416,667 | -$1,416,667 | $1,416,667 |
2025-26 | $0 | $0 | $0 | $1,416,667 | $1,416,667 | -$1,416,667 | $1,416,667 |
2026-27 | $0 | $0 | $0 | $1,416,667 | $1,416,667 | -$1,416,667 | $1,416,667 |
2027-28 | $0 | $0 | $0 | $1,416,667 | $1,416,667 | -$1,416,667 | $1,416,667 |
TOTAL | $17,000,000 | $24,000,000 | $8,000,000 | $11,333,333 | $19,333,333 | $5,666,667 | $18,333,336 |