A Nathan MacKinnon buyout spans 14 years, has a cost of $9,790,000 and savings of $4,895,000. MacKinnon is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $14,685,000 in salary remaining, the cost is $9,790,000, and the savings are $4,895,000. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $14,685,000 | $69,615,000 | 7 | 14 | 28 | 2/3 | $9,790,000 | $4,895,000 | $699,286 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (COL) |
2024-25 | $775,000 | $12,600,000 | $15,725,000 | $699,286 | $16,424,286 | $75,714 | $12,524,286 |
2025-26 | $800,000 | $12,600,000 | $15,250,000 | $699,286 | $15,949,286 | $100,714 | $12,499,286 |
2026-27 | $9,150,000 | $12,600,000 | $3,000,000 | $699,286 | $3,699,286 | $8,450,714 | $4,149,286 |
2027-28 | $990,000 | $12,600,000 | $8,910,000 | $699,286 | $9,609,286 | $290,714 | $12,309,286 |
2028-29 | $990,000 | $12,600,000 | $8,910,000 | $699,286 | $9,609,286 | $290,714 | $12,309,286 |
2029-30 | $990,000 | $12,600,000 | $8,910,000 | $699,286 | $9,609,286 | $290,714 | $12,309,286 |
2030-31 | $990,000 | $12,600,000 | $8,910,000 | $699,286 | $9,609,286 | $290,714 | $12,309,286 |
2031-32 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2032-33 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2033-34 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2034-35 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2035-36 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2036-37 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
2037-38 | $0 | $0 | $0 | $699,286 | $699,286 | -$699,286 | $699,286 |
TOTAL | $14,685,000 | $88,200,000 | $69,615,000 | $9,790,000 | $79,405,000 | $4,895,000 | $83,305,004 |