Andrew Ladd buyout calculator, cap hit impact

Andrew Ladd Buyout Cap Implications

Birthdate December 12, 1985

If Andrew Ladd 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 35 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/4 years)

Andrew Ladd projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,000,000
$1,000,000 $1,000,000 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $0 $0
Contract Signing Bonus $3,000,000 $3,000,000 $0 $0
Contract Total Salary ($4,000,000) ($4,000,000) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT New York Islanders logo $4,833,333 $4,833,333 $333,333 $333,333
Savings $666,667 $666,667 $-333,333 $-333,333

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status UFA
Agent J.P. Barry
Standard Contract | 7 Years $38,500,000 6.75% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Signing Bonuses $7,000,000 $6,500,000 $5,000,000 $4,000,000 $3,000,000 $3,000,000 $3,000,000
Total Salary $8,000,000 $7,500,000 $6,000,000 $5,000,000 $4,000,000 $4,000,000 $4,000,000
Minors Salary $8,000,000 $7,500,000 $6,000,000 $5,000,000 $4,000,000 $4,000,000 $4,000,000
Clauses NMC NMC NTC NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out