A Ivan Provorov buyout spans 2 years, has a cost of $4,416,667 and savings of $2,208,333. Provorov is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $6,625,000 in salary remaining, the cost is $4,416,667, and the savings are $2,208,333. 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.
Retained Salary
This contract was involved in a retained salary transaction. The resulting costs and cap hit are therefore split between each team based on the percentage of salary retained by the respective teams.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $6,625,000 | $2,000,000 | 1 | 2 | 27 | 2/3 | $4,416,667 | $2,208,333 | $2,208,334 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CBJ) | CAP HIT (LAK) |
2024-25 | $6,625,000 | $6,750,000 | $2,000,000 | $2,208,334 | $4,208,334 | $4,416,666 | $1,633,334 | $700,000 |
2025-26 | $0 | $0 | $0 | $2,208,334 | $2,208,334 | -$2,208,334 | $1,545,834 | $662,500 |
TOTAL | $6,625,000 | $6,750,000 | $2,000,000 | $4,416,667 | $6,416,667 | $2,208,333 | $3,179,168 (70%) | $1,362,500 (30%) |