Jul 1, 2019
Panik Signs a 4-Year, $11.00M Deal with the Capitals
Cap Hit
$2,750,000$2.75M
Term
4 years
Total Value
$11,000,000$11.00M
% of Cap
3.4%
Signing Status
UFA
2020 age 28
Expiry Status
UFA
2023 age 32
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Contract Breakdown
Richard Panik signed a 4 year, $11,000,000 contract with the Washington Capitals on Jul 1, 2019. The contract has a cap hit of $2,750,000 and expires at the end of the 2022-23 season.
Abbreviated $Amounts
|
2019-20
|
2020-21
|
2021-22
|
2022-23
|
2023 |
|
|---|---|---|---|---|---|
| Cap Hit | $2,750,000$2.75M | $2,750,000$2.75M | $2,750,000$2.75M | $2,750,000$2.75M | UFAage 32 |
| AAV | $2,750,000$2.75M | $2,750,000$2.75M | $2,750,000$2.75M | $2,750,000$2.75M | |
| Base | $1,200,000$1.20M | $2,200,000$2.20M | $3,200,000$3.20M | $2,400,000$2.40M | |
| Performance Bonuses | - | - | - | - | |
| Signing Bonuses | $2,000,000$2.00M | - | - | - | |
| Total Salary | $3,200,000$3.20M | $2,200,000$2.20M | $3,200,000$3.20M | $2,400,000$2.40M | |
| Minors Salary |
$3,200,000$3.20M
|
$2,200,000$2.20M
|
$3,200,000$3.20M
|
$2,400,000$2.40M
|
|
| Clauses | |||||
| Year Type | UFA | UFA | UFA | UFA | |
| UFA Year |
Notes
* Retained Salary Jul 16, 2021
50.00% of contract was retained by the Detroit Red Wings in a trade to the New York Islanders
Trade DetailsComments
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