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Ryan Spooner Buyout Results

A Ryan Spooner buyout spans 2 years, has a cost of $2,666,667 and savings of $1,333,333. Spooner is 27 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 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
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.
  • New York Rangers: 22.5%
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$4,000,000$012272/3$2,666,667$1,333,333$1,333,334
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HITCAP HIT (Logo of the New York RangersNYR)
2019-20$4,000,000$4,000,000$0$1,333,334$1,333,334$2,666,666$1,033,334$300,000
2020-21$0$0$0$1,333,334$1,333,334-$1,333,334$1,033,334$300,000
TOTAL$4,000,000$4,000,000$0$2,666,667$2,666,667$1,333,333$2,066,668 (77.5%)$600,000 (22.5%)