Alex Goligoski buyout calculator, cap hit impact

Alex Goligoski Buyout Cap Implications

Birthdate July 30, 1985

If Alex Goligoski 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 34 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $2,666,667
Remaining base salary
($4,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,333,333
(Total buyout cost/2 years)

Alex Goligoski projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$4,000,000
$4,000,000 $0
Original Cap Hit $5,475,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,000,000) ($0)
Annual Buyout Cost $1,333,333 $1,333,333
ACTUAL CAP HIT Arizona Coyotes logo $2,808,333 $1,333,333
Savings $2,666,667 $-1,333,333

Active Contract

Signing Team
Signing Date June 21, 2016
Signing Status UFA
Agent Ben Hankinson
Standard Contract | 5 Years $27,375,000 6.72% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $5,475,000 $5,475,000 $5,475,000 $5,475,000 $5,475,000
UFA
AAV $5,475,000 $5,475,000 $5,475,000 $5,475,000 $5,475,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,375,000 $6,100,000 $6,100,000 $5,800,000 $4,000,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $5,375,000 $6,100,000 $6,100,000 $5,800,000 $4,000,000
Minors Salary $5,375,000 $6,100,000 $6,100,000 $5,800,000 $4,000,000
Clauses M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out