Adam Erne buyout calculator, cap hit impact

Adam Erne Buyout Cap Implications

Birthdate April 20, 1995

If Adam Erne was bought out prior to the 2020-2021 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Add together the Original Cap Hit and the Contract Signing Bonus for that year
  • Subtract the Contract Total Salary for that year (base salary + signing bonus).
  • Finally, add the Annual Buyout Cost as calculated below.

He would be 25 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $332,500
Remaining base salary
($997,500 * 33% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $166,250
(Total buyout cost/2 years)

Adam Erne projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$997,500
$997,500 $0
Original Cap Hit $997,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($997,500) ($0)
Annual Buyout Cost $166,250 $166,250
ACTUAL CAP HIT Detroit Red Wings logo $166,250 $166,250
Savings $831,250 $-166,250

Active Contract

Signing Team
Signing Date October 8, 2020
Signing Status RFA
Agent Ritchie Winter
Standard Contract | 1 Years $997,500 1.22% of cap space
2020-2021
Cap Hit $997,500
RFA
AAV $997,500
Performance Bonuses $0
Base Salary $997,500
Signing Bonuses $0
Total Salary $997,500
Minors Salary $997,500
Clauses
UFA Year
Buy It Out