Brandon Hagel buyout calculator, cap hit impact

Brandon Hagel Buyout Cap Implications

Birthdate August 27, 1998

If Brandon Hagel was bought out prior to the 2022-2023 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 23 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $1,166,667
Remaining base salary
($3,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $291,667
(Total buyout cost/4 years)

Brandon Hagel projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$3,500,000
$1,450,000 $2,050,000 $0 $0
Original Cap Hit $1,500,000 $1,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,450,000) ($2,050,000) ($0) ($0)
Annual Buyout Cost $291,667 $291,667 $291,667 $291,667
ACTUAL CAP HIT Chicago Blackhawks logo $341,667 $-258,333 $291,667 $291,667
Savings $1,158,333 $1,758,333 $-291,667 $-291,667

Active Contract

Signing Team Chicago Blackhawks logo
Signing Date August 6, 2021
Signing Status RFA
Agent Allain Roy
Standard Contract | 3 Years $4,500,000 1.84% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $1,500,000 $1,500,000 $1,500,000
RFA
AAV $1,500,000 $1,500,000 $1,500,000
Performance Bonuses $0 $0 $0
Base Salary $1,000,000 $1,450,000 $2,050,000
Signing Bonuses $0 $0 $0
Total Salary $1,000,000 $1,450,000 $2,050,000
Minors Salary $1,000,000 $1,450,000 $2,050,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out