Braden Holtby buyout calculator, cap hit impact

Braden Holtby Buyout Cap Implications

Birthdate September 16, 1989

Braden Holtby was bought by Vancouver Canucks logo 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 was 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $3,800,000
Remaining base salary
($5,700,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,900,000
(Total buyout cost/2 years)

Braden Holtby buyout details 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$5,700,000
$5,700,000 $0
Original Cap Hit $4,300,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,700,000) ($0)
Annual Buyout Cost $1,900,000 $1,900,000
ACTUAL CAP HIT Vancouver Canucks logo $500,000 $1,900,000
Savings $3,800,000 $-1,900,000

Active Contract

Signing Team
Signing Date July 28, 2021
Signing Status UFA
Agent David Kaye
Standard Contract | 1 Years $2,000,000 2.45% of cap space
2021-2022
Cap Hit $2,000,000
UFA
AAV $2,000,000
Performance Bonuses $0
Base Salary $2,000,000
Signing Bonuses $0
Total Salary $2,000,000
Minors Salary $2,000,000
Clauses
UFA Year
Buy It Out