Thread: Amnesty Buyouts
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01-08-2013, 10:32 AM
  #107
Hawkaholic
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Quote:
Originally Posted by Ace Rothstein View Post
This article references Luongo's contract. I'm sure someone here could do the calculations with Hossa's if they want to spend the time on it.

http://www.cbc.ca/sports/hockey/opin...to-luongo.html
If we assume Hossa retires with 4 years left on his contract (last 4yrs are @ 1mil/yr)... the actual amount of money we paid him was 59.3mil, the actual amount of cap space we used was 42.2mil.

Therefore,

59.3mil - 42.2mil = 17.1mil
17.1mil/4yrs = 4.275mil

4.275mil will be charged against the cap for the last 4 years of his deal.

If he retired:

7yrs early = $1.875mil
6yrs early = $2.625mil
5yrs early = $3.675mil
4yrs early = $4.275mil (same for 3, 2, and 1 year early)

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