Update to the Cap Page

I received an email, thank you “Sacha”, directing me to the Ray Emery buyout article on TSN. In the article, the buyout amount was said to be 1/3 his remaining salary. Seeing as this conflicted with my understanding of buyouts (I thought it was 2/3), I did some research, and have made some changes to the following area in the Understanding the Cap page:

Buyouts: Buyouts are a more complicated business, as it requires some serious calculations.

• A player over 26 can be bought out for 2/3 of his remaining contract worth. Note, this is not the salary cap hit, this is the actual dollar amount left on the contract.
• A player 26 and under can be bought out for 1/3 of his remaining contract. Note, this is not the salary cap hit, this is the actual dollar amount left on the contract.
• The cap hit for the buyout is calculated as follows:
• Calculate the buyout amount (as explained above)
• Spread the buyout amount evenly over twice the remaining years on the contract. This is the cap hit the team will have.

The reason why Emery’s buyout was 1/3 his salary, and not 2/3 like I initially thought, was because he is still 26 years old. He does not turn 27 until September this year.

Thank you “Sacha”, for pointing this out.