A Ryan Johansen buyout spans 2 years, has a cost of $5,333,333 and savings of $2,666,667. Johansen is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,000,000 in salary remaining, the cost is $5,333,333, and the savings are $2,666,667. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 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.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
---|
Jun. 15, 2024 | $8,000,000 | $0 | 1 | 2 | 31 | 2/3 | $5,333,333 | $2,666,667 | $2,666,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (PHI) | CAP HIT (NSH) |
2024-25 | $8,000,000 | $8,000,000 | $0 | $2,666,667 | $2,666,667 | $5,333,333 | $1,333,334 | $1,333,334 |
2025-26 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $1,333,334 | $1,333,334 |
TOTAL | $8,000,000 | $8,000,000 | $0 | $5,333,333 | $5,333,333 | $2,666,667 | $2,666,668 (50%) | $2,666,668 (50%) |