Use the PuckPedia Buyout Calculator to see the cash and salary cap impact of a buyout. If you are wondering more about how NHL contract buyouts work, visit our Capology section, or Ask The Capologist.
NHL Buyout Calculator
If Cory Schneider was bought out prior to the 2020-2021 season.
Total Cost
$12,000,000$12.00M
Total Remaining Base Salary
67%
Buyout Multiplier
He would be 34 years old at the buyout, giving him a 67% buyout multiplier.
$8,000,000$8.00M
Buyout Total Cost
Remaining base salary X Age Multiplier.
Annual Implications
Annual Buyout Cost
$2,000,000$2.00M
Annual Cap Hit
The final cap hit for each year equals:
Cap Hit (AAV) - Base Salary + Annual Buyout Cost
4yrs
-$
-$
-$
-$
$
$
20/21
21/22
23/24
Buyout Length
Buyouts are applied evenly over 2x the years remaining on the contract.
Years Remaining
2
Contract End
2021-22
Buyout Length
4
Buyout End
2023-24
Buyout Summary
Abbreviated $Amounts
| 2020-21 | 2021-22 | 2022-23 | 2023-24 | |
|---|---|---|---|---|
|
Original Cap Hit
|
$6,000,000$6.00M | $6,000,000$6.00M | - | - |
|
Base Salary
|
($6,000,000$6.00M) | ($6,000,000$6.00M) | (-) | (-) |
| Total Salary | ($6,000,000$6.00M) | ($6,000,000$6.00M) | (-) | (-) |
| Signing Bonus | - | - | - | - |
| Annual Buyout Cost | $2,000,000$2.00M | $2,000,000$2.00M | $2,000,000$2.00M | $2,000,000$2.00M |
 Actual Cap Hit |
$2,000,000$2.00M |
$2,000,000$2.00M |
$2,000,000$2.00M |
$2,000,000$2.00M |
Savings 100.0% |
$4,000,000$4.00M |
$4,000,000$4.00M |
$-2,000,000$-2.00M |
$-2,000,000$-2.00M |
Click button(s) in current contract below to buyout another year from this contract.
Current Contract
Popular Buyouts
Players with the most buyout views
(Team at time of buyout) |
Cap Hit |
% Of Views |
|---|---|---|
$5.00M |
15% |
|
$10.50M |
15% |
|
$6.50M |
13% |
|
$9.00M |
12% |
|
$4.82M |
12% |
|
$8.50M |
11% |
|
$12.60M |
11% |
|
$9.25M |
11% |
RT @PuckPedia: A record 22 teams (69% of teams) used LTIR this season, and 15 finished over the $83.5M salary cap.
11 teams (& maybe 12) w…
RT @reporterchris: Ilya Lyubushkin absent from today's #leafs practice after his wife gave birth to a baby girl back in California.
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