Blake Coleman buyout calculator, cap hit impact

Blake Coleman Buyout Cap Implications

Birthdate November 28, 1991

If Blake Coleman was bought out prior to the 2019-2020 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 27 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 $2,400,000
Remaining base salary
($3,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $600,000
(Total buyout cost/4 years)

Blake Coleman projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$3,600,000
$1,800,000 $1,800,000 $0 $0
Original Cap Hit $1,800,000 $1,800,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,800,000) ($1,800,000) ($0) ($0)
Annual Buyout Cost $600,000 $600,000 $600,000 $600,000
ACTUAL CAP HIT Tampa Bay Lightning logo $600,000 $600,000 $600,000 $600,000
Savings $1,200,000 $1,200,000 $-600,000 $-600,000

Active Contract

Signing Team
Signing Date July 17, 2018
Signing Status RFA
Agent Brian Bartlett
Standard Contract | 3 Years $5,400,000 2.21% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $1,800,000 $1,800,000 $1,800,000
UFA
AAV $1,800,000 $1,800,000 $1,800,000
Performance Bonuses $0 $0 $0
Base Salary $1,800,000 $1,800,000 $1,800,000
Signing Bonuses $0 $0 $0
Total Salary $1,800,000 $1,800,000 $1,800,000
Minors Salary $1,800,000 $1,800,000 $1,800,000
Clauses
UFA Year
Buy It Out