Andrew Copp buyout calculator, cap hit impact

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Andrew Copp Buyout Cap Implications

Birthdate July 8, 1994

If Andrew Copp was bought out prior to the 2023-2024 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 28 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 $15,083,333
Remaining base salary
($22,625,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,885,417
(Total buyout cost/8 years)

Andrew Copp projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$22,625,000
$6,250,000 $6,250,000 $5,750,000 $4,375,000 $0 $0 $0 $0
Original Cap Hit $5,625,000 $5,625,000 $5,625,000 $5,625,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,250,000) ($6,250,000) ($5,750,000) ($4,375,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,885,417 $1,885,417 $1,885,417 $1,885,417 $1,885,417 $1,885,417 $1,885,417 $1,885,417
ACTUAL CAP HIT Detroit Red Wings logo $1,260,417 $1,260,417 $1,760,417 $3,135,417 $1,885,417 $1,885,417 $1,885,417 $1,885,417
Savings $4,364,583 $4,364,583 $3,864,583 $2,489,583 $-1,885,417 $-1,885,417 $-1,885,417 $-1,885,417

Active Contract

Signing Team Detroit Red Wings logo
Signing Date July 13, 2022
Signing Status UFA
Agent Kurt Overhardt
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $28,125,000 6.82% of cap space
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $5,625,000 $5,625,000 $5,625,000 $5,625,000 $5,625,000
UFA
AAV $5,625,000 $5,625,000 $5,625,000 $5,625,000 $5,625,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,500,000 $6,250,000 $6,250,000 $5,750,000 $4,375,000
Signing Bonuses $1,000,000 $0 $0 $0 $0
Total Salary $5,500,000 $6,250,000 $6,250,000 $5,750,000 $4,375,000
Minors Salary $5,500,000 $6,250,000 $6,250,000 $5,750,000 $4,375,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
10 Team NTC