Quoting: Hammerwise
Barclay Goodrow buyout spans 8 years, has a cost of $10,066,667 and savings of $5,033,333. Goodrow is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $15,100,000 in salary remaining, the cost is $10,066,667, and the savings are $5,033,333. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE BASE SALARY REMAINING S.BONUS REMAINING YEARS REMAINING BUYOUT LENGTH AGE BUYOUT RATIO TOTAL COST TOTAL SAVINGS ANNUAL COST
Jun. 15, 2023 $15,100,000 $1,250,000 4 8 30 2/3 $10,066,667 $5,033,333 $1,258,333
Cap Hit Calculations
SEASON INITIAL BASE SALARY INITIAL CAP HIT SIGNING BONUS BUYOUT COST POST-BUYOUT EARNINGS SAVINGS CAP HIT (Logo of the New York RangersNYR)
2023-24 $5,100,000 $3,641,667 $0 $1,258,333 $1,258,333 $3,841,667 -$200,000
2024-25 $5,000,000 $3,641,667 $0 $1,258,333 $1,258,333 $3,741,667 -$100,000
2025-26 $3,750,000 $3,641,667 $0 $1,258,333 $1,258,333 $2,491,667 $1,150,000
2026-27 $1,250,000 $3,641,667 $1,250,000 $1,258,333 $2,508,333 -$8,333 $3,650,000
2027-28 $0 $0 $0 $1,258,333 $1,258,333 -$1,258,333 $1,258,333
2028-29 $0 $0 $0 $1,258,333 $1,258,333 -$1,258,333 $1,258,333
2029-30 $0 $0 $0 $1,258,333 $1,258,333 -$1,258,333 $1,258,333
2030-31 $0 $0 $0 $1,258,333 $1,258,333 -$1,258,333 $1,258,333
TOTAL $15,100,000 $14,566,668 $1,250,000 $10,066,667 $11,316,667 $5,033,333 $9,533,332
Yes as you can clearly see he will tax the team once Panarin is off the books. Small price to pay given what you offered/trying to convince me off 😄👍