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Olli Määttä Buyout Results

A Olli Määttä buyout spans 4 years, has a cost of $2,722,267 and savings of $5,444,533. Määttä is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $8,166,800 in salary remaining, the cost is $2,722,267, and the savings are $5,444,533. 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.
  • Chicago Blackhawks: 18.4%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2020$8,166,800$024251/3$2,722,267$5,444,533$680,567
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Detroit Red WingsDET)CAP HIT (Logo of the Chicago BlackhawksCHI)
2020-21$4,083,300$4,083,333$0$680,567$680,567$3,402,733$555,574$125,026
2021-22$4,083,500$4,083,333$0$680,567$680,567$3,402,933$555,411$124,989
2022-23$0$0$0$680,567$680,567-$680,567$555,547$125,020
2023-24$0$0$0$680,567$680,567-$680,567$555,547$125,020
TOTAL$8,166,800$8,166,666$0$2,722,267$2,722,267$5,444,533$2,222,079 (81.6%)$500,055 (18.4%)