A Nick Foligno buyout spans 4 years, has a cost of $2,666,667 and savings of $1,333,333. Foligno is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,000,000 in salary remaining, the cost is $2,666,667, and the savings are $1,333,333. 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.
This is a 35-plus contract and therefore the buyout has no effect on the players cap hit. Please see the
Buyout FAQ for more information
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 | $4,000,000 | $5,000,000 | 2 | 4 | 36 | 2/3 | $2,666,667 | $1,333,333 | $666,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CHI) |
2024-25 | $2,600,000 | $4,500,000 | $2,500,000 | $666,667 | $3,166,667 | $1,933,333 | $4,500,000 |
2025-26 | $1,400,000 | $4,500,000 | $2,500,000 | $666,667 | $3,166,667 | $733,333 | $4,500,000 |
2026-27 | $0 | $0 | $0 | $666,667 | $666,667 | -$666,667 | $0 |
2027-28 | $0 | $0 | $0 | $666,667 | $666,667 | -$666,667 | $0 |
TOTAL | $4,000,000 | $9,000,000 | $5,000,000 | $2,666,667 | $7,666,667 | $1,333,333 | $9,000,000 |