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Zach Parise Buyout Results

A Zach Parise buyout spans 2 years, has a cost of $666,667 and savings of $333,333. Parise is 39 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $1,000,000 in salary remaining, the cost is $666,667, and the savings are $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
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$1,000,000$012392/3$666,667$333,333$333,334
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2024-25$1,000,000$7,538,462$0$333,334$333,334$666,666$6,871,796
2025-26$0$0$0$333,334$333,334-$333,334$333,334
TOTAL$1,000,000$7,538,462$0$666,667$666,667$333,333$7,205,130