Zach Parise Buyout Results

A Zach Parise buyout spans 4 years, has a cost of $1,333,333 and savings of $666,667. Parise is 38 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $2,000,000 in salary remaining, the cost is $1,333,333, and the savings are $666,667. 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2023$2,000,000$024382/3$1,333,333$666,667$333,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New York IslandersNYI)
2023-24$1,000,000$7,538,462$0$333,333$333,333$666,667$6,871,795
2024-25$1,000,000$7,538,462$0$333,333$333,333$666,667$6,871,795
2025-26$0$0$0$333,333$333,333-$333,333$333,333
2026-27$0$0$0$333,333$333,333-$333,333$333,333
TOTAL$2,000,000$15,076,924$0$1,333,333$1,333,333$666,667$14,410,256