Michael Matheson Buyout Results

A Michael Matheson buyout spans 8 years, has a cost of $11,000,000 and savings of $5,500,000. Matheson is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $16,500,000 in salary remaining, the cost is $11,000,000, and the savings are $5,500,000. 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.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$16,500,000$7,000,00048282/3$11,000,000$5,500,000$1,375,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Pittsburgh PenguinsPIT)
2022-23$4,000,000$4,875,000$0$1,375,000$1,375,000$2,625,000$2,250,000
2023-24$4,000,000$4,875,000$2,500,000$1,375,000$3,875,000$2,625,000$2,250,000
2024-25$4,000,000$4,875,000$2,500,000$1,375,000$3,875,000$2,625,000$2,250,000
2025-26$4,500,000$4,875,000$2,000,000$1,375,000$3,375,000$3,125,000$1,750,000
2026-27$0$0$0$1,375,000$1,375,000-$1,375,000$1,375,000
2027-28$0$0$0$1,375,000$1,375,000-$1,375,000$1,375,000
2028-29$0$0$0$1,375,000$1,375,000-$1,375,000$1,375,000
2029-30$0$0$0$1,375,000$1,375,000-$1,375,000$1,375,000
TOTAL$16,500,000$19,500,000$7,000,000$11,000,000$18,000,000$5,500,000$14,000,000
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