A Mattias Ekholm buyout spans 4 years, has a cost of $8,666,667 and savings of $4,333,333. Ekholm is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $13,000,000 in salary remaining, the cost is $8,666,667, and the savings are $4,333,333. 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.
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, 2024 | $13,000,000 | $0 | 2 | 4 | 34 | 2/3 | $8,666,667 | $4,333,333 | $2,166,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (EDM) | CAP HIT (NSH) |
2024-25 | $6,500,000 | $6,250,000 | $0 | $2,166,667 | $2,166,667 | $4,333,333 | $1,840,000 | $76,667 |
2025-26 | $6,500,000 | $6,250,000 | $0 | $2,166,667 | $2,166,667 | $4,333,333 | $1,840,000 | $76,667 |
2026-27 | $0 | $0 | $0 | $2,166,667 | $2,166,667 | -$2,166,667 | $2,080,000 | $86,667 |
2027-28 | $0 | $0 | $0 | $2,166,667 | $2,166,667 | -$2,166,667 | $2,080,000 | $86,667 |
TOTAL | $13,000,000 | $12,500,000 | $0 | $8,666,667 | $8,666,667 | $4,333,333 | $7,840,000 (96%) | $326,668 (4%) |