Matt Murray Buyout Results

A Matt Murray buyout spans 4 years, has a cost of $10,000,000 and savings of $5,000,000. Murray is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $15,000,000 in salary remaining, the cost is $10,000,000, and the savings are $5,000,000. 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.

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.
  • Ottawa Senators: 25%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$15,000,000$024282/3$10,000,000$5,000,000$2,500,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Toronto Maple LeafsTOR)CAP HIT (Logo of the Ottawa SenatorsOTT)
2022-23$7,000,000$6,250,000$0$2,500,000$2,500,000$4,500,000$1,312,500$437,500
2023-24$8,000,000$6,250,000$0$2,500,000$2,500,000$5,500,000$562,500$187,500
2024-25$0$0$0$2,500,000$2,500,000-$2,500,000$1,875,000$625,000
2025-26$0$0$0$2,500,000$2,500,000-$2,500,000$1,875,000$625,000
TOTAL$15,000,000$12,500,000$0$10,000,000$10,000,000$5,000,000$5,625,000 (75%)$1,875,000 (25%)
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