Alex Debrincat buyout calculator, cap hit impact

Alex Debrincat Buyout Cap Implications

Birthdate December 18, 1997

If Alex Debrincat was bought out prior to the 2021-2022 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 23 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 $4,700,000
Remaining base salary
($14,100,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $1,175,000
(Total buyout cost/4 years)

Alex Debrincat projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$14,100,000
$5,100,000 $9,000,000 $0 $0
Original Cap Hit $6,400,000 $6,400,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,100,000) ($9,000,000) ($0) ($0)
Annual Buyout Cost $1,175,000 $1,175,000 $1,175,000 $1,175,000
ACTUAL CAP HIT Chicago Blackhawks logo $2,475,000 $-1,425,000 $1,175,000 $1,175,000
Savings $3,925,000 $7,825,000 $-1,175,000 $-1,175,000

Active Contract

Signing Team
Signing Date October 3, 2019
Signing Status RFA
Agent Jeff Jackson
Standard Contract | 3 Years $19,200,000 7.85% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $6,400,000 $6,400,000 $6,400,000
RFA
AAV $6,400,000 $6,400,000 $6,400,000
Performance Bonuses $0 $0 $0
Base Salary $1,100,000 $5,100,000 $9,000,000
Signing Bonuses $4,000,000 $0 $0
Total Salary $5,100,000 $5,100,000 $9,000,000
Minors Salary $5,100,000 $5,100,000 $9,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out