Blake Wheeler buyout calculator, cap hit impact

Blake Wheeler Buyout Cap Implications

Birthdate August 31, 1986

If Blake Wheeler 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 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 $16,500,000
Remaining base salary
($24,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,750,000
(Total buyout cost/6 years)

Blake Wheeler projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$24,750,000
$10,000,000 $6,500,000 $8,250,000 $0 $0 $0
Original Cap Hit $8,250,000 $8,250,000 $8,250,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($10,000,000) ($6,500,000) ($8,250,000) ($0) ($0) ($0)
Annual Buyout Cost $2,750,000 $2,750,000 $2,750,000 $2,750,000 $2,750,000 $2,750,000
ACTUAL CAP HIT Winnipeg Jets logo $1,000,000 $4,500,000 $2,750,000 $2,750,000 $2,750,000 $2,750,000
Savings $7,250,000 $3,750,000 $5,500,000 $-2,750,000 $-2,750,000 $-2,750,000

Active Contract

Signing Team
Signing Date September 4, 2018
Signing Status UFA
Agent Matt Keator
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $41,250,000 10.12% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $8,250,000 $8,250,000 $8,250,000 $8,250,000 $8,250,000
UFA
AAV $8,250,000 $8,250,000 $8,250,000 $8,250,000 $8,250,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $6,000,000 $6,500,000 $10,000,000 $6,500,000 $8,250,000
Signing Bonuses $4,000,000 $0 $0 $0 $0
Total Salary $10,000,000 $6,500,000 $10,000,000 $6,500,000 $8,250,000
Minors Salary $10,000,000 $6,500,000 $10,000,000 $6,500,000 $8,250,000
Clauses M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
NMC & Modified No Trade Clause - Per Chris Johnston