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Semyon Varlamov Buyout Results

A Semyon Varlamov buyout spans 6 years, has a cost of $5,500,000 and savings of $2,750,000. Varlamov is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,250,000 in salary remaining, the cost is $5,500,000, and the savings are $2,750,000. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

While this is a 35+ contract, it is exempt from the 35+ buyout rules because it is either 1). One year in length, or 2). Not front-loaded and does not have a signing bonus after the first contract year (as per the 2020 MOU). Please see the Buyout FAQ for more information
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$8,250,000$036362/3$5,500,000$2,750,000$916,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New York IslandersNYI)
2024-25$2,750,000$2,750,000$0$916,667$916,667$1,833,333$916,667
2025-26$2,750,000$2,750,000$0$916,667$916,667$1,833,333$916,667
2026-27$2,750,000$2,750,000$0$916,667$916,667$1,833,333$916,667
2027-28$0$0$0$916,667$916,667-$916,667$916,667
2028-29$0$0$0$916,667$916,667-$916,667$916,667
2029-30$0$0$0$916,667$916,667-$916,667$916,667
TOTAL$8,250,000$8,250,000$0$5,500,000$5,500,000$2,750,000$5,500,002