Braden Holtby buyout calculator, cap hit impact

Braden Holtby Buyout Cap Implications

Birthdate September 16, 1989

If Braden Holtby 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 30 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 $5,400,000
Remaining base salary
($8,100,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,350,000
(Total buyout cost/4 years)

Braden Holtby projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$8,100,000
$2,400,000 $5,700,000 $0 $0
Original Cap Hit $4,300,000 $4,300,000 $0 $0
Contract Signing Bonus $500,000 $0 $0 $0
Contract Total Salary ($2,900,000) ($5,700,000) ($0) ($0)
Annual Buyout Cost $1,350,000 $1,350,000 $1,350,000 $1,350,000
ACTUAL CAP HIT Vancouver Canucks logo $3,250,000 $-50,000 $1,350,000 $1,350,000
Savings $1,050,000 $4,350,000 $-1,350,000 $-1,350,000

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent David Kaye
Standard Contract | 2 Years $8,600,000 5.28% of cap space
2020-2021 2021-2022
Cap Hit $4,300,000 $4,300,000
UFA
AAV $4,300,000 $4,300,000
Performance Bonuses $0 $0
Base Salary $2,400,000 $5,700,000
Signing Bonuses $500,000 $0
Total Salary $2,900,000 $5,700,000
Minors Salary $2,900,000 $5,700,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out
4 Team No Trade