Brayden Point buyout calculator, cap hit impact

Brayden Point Buyout Cap Implications

Birthdate March 13, 1996

If Brayden Point 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 24 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 $3,833,333
Remaining base salary
($11,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $958,333
(Total buyout cost/4 years)

Brayden Point projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$11,500,000
$2,500,000 $9,000,000 $0 $0
Original Cap Hit $6,750,000 $6,750,000 $0 $0
Contract Signing Bonus $3,500,000 $0 $0 $0
Contract Total Salary ($6,000,000) ($9,000,000) ($0) ($0)
Annual Buyout Cost $958,333 $958,333 $958,333 $958,333
ACTUAL CAP HIT Tampa Bay Lightning logo $5,208,333 $-1,291,667 $958,333 $958,333
Savings $1,541,667 $8,041,667 $-958,333 $-958,333

Active Contract

Signing Team
Signing Date September 23, 2019
Signing Status RFA
Agent Gerry Johannson
Standard Contract | 3 Years $20,250,000 8.28% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $6,750,000 $6,750,000 $6,750,000
RFA
AAV $6,750,000 $6,750,000 $6,750,000
Performance Bonuses $0 $0 $0
Base Salary $1,000,000 $2,500,000 $9,000,000
Signing Bonuses $4,250,000 $3,500,000 $0
Total Salary $5,250,000 $6,000,000 $9,000,000
Minors Salary $5,250,000 $6,000,000 $9,000,000
Clauses
UFA Year
Buy It Out Buy It Out