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Milan Lucic Buyout Results

A Milan Lucic buyout spans 6 years, has a cost of $3,000,000 and savings of $1,500,000. Lucic is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,500,000 in salary remaining, the cost is $3,000,000, and the savings are $1,500,000. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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, 2020$4,500,000$8,500,00036322/3$3,000,000$1,500,000$500,000
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)
2020-21$1,000,000$6,000,000$3,000,000$500,000$3,500,000$500,000$4,812,500$687,500
2021-22$2,500,000$6,000,000$2,500,000$500,000$3,000,000$2,000,000$3,500,000$500,000
2022-23$1,000,000$6,000,000$3,000,000$500,000$3,500,000$500,000$4,812,500$687,500
2023-24$0$0$0$500,000$500,000-$500,000$437,500$62,500
2024-25$0$0$0$500,000$500,000-$500,000$437,500$62,500
2025-26$0$0$0$500,000$500,000-$500,000$437,500$62,500
TOTAL$4,500,000$18,000,000$8,500,000$3,000,000$11,500,000$1,500,000$14,437,500 (87.5%)$2,062,500 (12.5%)