Alex Ovechkin Contract Buyout Details

June
Player Position Pos Team Age Cap Hit Salary
Alex Ovechkin A. Ovechkin LW Washington Capitals WAS 33 $9,538,460 $9,538,460

Alex Ovechkin Buyout Details

Age at Buyout Date Salary Remaining Signing Bonus Remaining Buyout Ratio Total Buyout Cost Remaining Contract Years Buyout Timeframe Annual Buyout Cost
33 years $20,000,000 $0 2/3 $20,000,000 2 years 4 years $3,333,333
Season Salary Initial Cap Hit Buyout Cap Hit Savings Actual Cost
2019-20 $10,000,000 $9,538,460 $2,871,793 $6,666,666 $3,333,333
2020-21 $10,000,000 $9,538,460 $2,871,793 $6,666,666 $3,333,333
2021-22 $0 $0 $3,333,333 -$3,333,333 $3,333,333
2022-23 $0 $0 $3,333,333 -$3,333,333 $3,333,333