SalarySwishSalarySwish

Zach Parise Buyout Results

A Zach Parise buyout spans 12 years, has a cost of $18,000,000 and savings of $9,000,000. Parise is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $27,000,000 in salary remaining, the cost is $18,000,000, and the savings are $9,000,000. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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, 2019$27,000,000$0612342/3$18,000,000$9,000,000$1,500,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Colorado AvalancheCOL)
2019-20$9,000,000$7,538,462$0$1,500,000$1,500,000$7,500,000$38,462
2020-21$8,000,000$7,538,462$0$1,500,000$1,500,000$6,500,000$1,038,462
2021-22$6,000,000$7,538,462$0$1,500,000$1,500,000$4,500,000$3,038,462
2022-23$2,000,000$7,538,462$0$1,500,000$1,500,000$500,000$7,038,462
2023-24$1,000,000$7,538,462$0$1,500,000$1,500,000-$500,000$8,038,462
2024-25$1,000,000$7,538,462$0$1,500,000$1,500,000-$500,000$8,038,462
2025-26$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
2026-27$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
2027-28$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
2028-29$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
2029-30$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
2030-31$0$0$0$1,500,000$1,500,000-$1,500,000$1,500,000
TOTAL$27,000,000$45,230,772$0$18,000,000$18,000,000$9,000,000$36,230,772