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Milan Lucic Buyout Results

A Milan Lucic buyout spans 8 years, has a cost of $5,000,000 and savings of $2,500,000. Lucic is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $7,500,000 in salary remaining, the cost is $5,000,000, and the savings are $2,500,000. 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.

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, 2019$7,500,000$11,500,00048312/3$5,000,000$2,500,000$625,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Boston BruinsBOS)CAP HIT (Logo of the Edmonton OilersEDM)
2019-20$3,000,000$6,000,000$3,000,000$625,000$3,625,000$2,375,000$3,171,875$453,125
2020-21$1,000,000$6,000,000$3,000,000$625,000$3,625,000$375,000$4,921,875$703,125
2021-22$2,500,000$6,000,000$2,500,000$625,000$3,125,000$1,875,000$3,609,375$515,625
2022-23$1,000,000$6,000,000$3,000,000$625,000$3,625,000$375,000$4,921,875$703,125
2023-24$0$0$0$625,000$625,000-$625,000$546,875$78,125
2024-25$0$0$0$625,000$625,000-$625,000$546,875$78,125
2025-26$0$0$0$625,000$625,000-$625,000$546,875$78,125
2026-27$0$0$0$625,000$625,000-$625,000$546,875$78,125
TOTAL$7,500,000$24,000,000$11,500,000$5,000,000$16,500,000$2,500,000$18,812,500 (87.5%)$2,687,500 (12.5%)