Bo Horvat buyout calculator, cap hit impact

Bo Horvat Buyout Cap Implications

Birthdate April 5, 1995

If Bo Horvat 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 26 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 $6,816,667
Remaining base salary
($10,225,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,704,167
(Total buyout cost/4 years)

Bo Horvat projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$10,225,000
$5,775,000 $4,450,000 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,775,000) ($4,450,000) ($0) ($0)
Annual Buyout Cost $1,704,167 $1,704,167 $1,704,167 $1,704,167
ACTUAL CAP HIT Vancouver Canucks logo $1,429,167 $2,754,167 $1,704,167 $1,704,167
Savings $4,070,833 $2,745,833 $-1,704,167 $-1,704,167

Active Contract

Signing Team
Signing Date September 8, 2017
Signing Status RFA
Agent Mark Guy
Standard Contract | 6 Years $33,000,000 6.75% of cap space
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
UFA
AAV $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
Base Salary $6,500,000 $7,000,000 $5,775,000 $3,500,000 $5,775,000 $4,450,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $6,500,000 $7,000,000 $5,775,000 $3,500,000 $5,775,000 $4,450,000
Minors Salary $6,500,000 $7,000,000 $5,775,000 $3,500,000 $5,775,000 $4,450,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out