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Timo Meier Buyout Results

A Timo Meier buyout spans 14 years, has a cost of $19,466,667 and savings of $9,733,333. Meier is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $29,200,000 in salary remaining, the cost is $19,466,667, and the savings are $9,733,333. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$29,200,000$29,200,000714272/3$19,466,667$9,733,333$1,390,476
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New Jersey DevilsNJD)
2024-25$5,350,000$8,800,000$5,750,000$1,390,476$7,140,476$3,959,524$4,840,476
2025-26$5,000,000$8,800,000$5,750,000$1,390,476$7,140,476$3,609,524$5,190,476
2026-27$3,350,000$8,800,000$4,400,000$1,390,476$5,790,476$1,959,524$6,840,476
2027-28$2,200,000$8,800,000$5,000,000$1,390,476$6,390,476$809,524$7,990,476
2028-29$2,200,000$8,800,000$5,000,000$1,390,476$6,390,476$809,524$7,990,476
2029-30$3,900,000$8,800,000$3,300,000$1,390,476$4,690,476$2,509,524$6,290,476
2030-31$7,200,000$8,800,000$0$1,390,476$1,390,476$5,809,524$2,990,476
2031-32$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2032-33$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2033-34$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2034-35$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2035-36$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2036-37$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
2037-38$0$0$0$1,390,476$1,390,476-$1,390,476$1,390,476
TOTAL$29,200,000$61,600,000$29,200,000$19,466,667$48,666,667$9,733,333$51,866,664