Milan Lucic Buyout Results

A Milan Lucic buyout spans 2 years, has a cost of $666,667 and savings of $333,333. Lucic is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $1,000,000 in salary remaining, the cost is $666,667, and the savings are $333,333. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 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.
  • Edmonton Oilers: 12.5%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$1,000,000$3,000,00012342/3$666,667$333,333$333,334
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Calgary FlamesCGY)CAP HIT (Logo of the Edmonton OilersEDM)
2022-23$1,000,000$6,000,000$3,000,000$333,334$3,333,334$666,666$4,666,667$666,667
2023-24$0$0$0$333,334$333,334-$333,334$291,667$41,667
TOTAL$1,000,000$6,000,000$3,000,000$666,667$3,666,667$333,333$4,958,334 (87.5%)$708,334 (12.5%)
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