Austin Watson buyout calculator, cap hit impact

Austin Watson Buyout Cap Implications

Birthdate January 13, 1992

If Austin Watson 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 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 $3,000,000
Remaining base salary
($4,500,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $500,000
(Total buyout cost/6 years)

Austin Watson projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$4,500,000
$1,500,000 $1,500,000 $1,500,000 $0 $0 $0
Original Cap Hit $1,500,000 $1,500,000 $1,500,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($1,500,000) ($1,500,000) ($1,500,000) ($0) ($0) ($0)
Annual Buyout Cost $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
ACTUAL CAP HIT Ottawa Senators logo $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
Savings $1,000,000 $1,000,000 $1,000,000 $-500,000 $-500,000 $-500,000

Active Contract

Signing Team
Signing Date October 31, 2019
Signing Status UFA
Agent Murray Koontz
Standard Contract | 3 Years $4,500,000 1.84% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $1,500,000 $1,500,000 $1,500,000
UFA
AAV $1,500,000 $1,500,000 $1,500,000
Performance Bonuses $0 $0 $0
Base Salary $1,500,000 $1,500,000 $1,500,000
Signing Bonuses $0 $0 $0
Total Salary $1,500,000 $1,500,000 $1,500,000
Minors Salary $1,500,000 $1,500,000 $1,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out