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Milan Lucic Buyout Results

A Milan Lucic buyout spans 4 years, has a cost of $2,333,333 and savings of $1,166,667. Lucic is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,500,000 in salary remaining, the cost is $2,333,333, and the savings are $1,166,667. 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.
  • Edmonton Oilers: 12.5%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2021$3,500,000$5,500,00024332/3$2,333,333$1,166,667$583,333
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)
2021-22$2,500,000$6,000,000$2,500,000$583,333$3,083,333$1,916,667$3,572,916$510,417
2022-23$1,000,000$6,000,000$3,000,000$583,333$3,583,333$416,667$4,885,416$697,917
2023-24$0$0$0$583,333$583,333-$583,333$510,416$72,917
2024-25$0$0$0$583,333$583,333-$583,333$510,416$72,917
TOTAL$3,500,000$12,000,000$5,500,000$2,333,333$7,833,333$1,166,667$9,479,164 (87.5%)$1,354,168 (12.5%)