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 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 25 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 $3,000,000
Remaining base salary
($9,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $1,500,000
(Total buyout cost/2 years)

Brayden Point projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$9,000,000
$9,000,000 $0
Original Cap Hit $6,750,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($9,000,000) ($0)
Annual Buyout Cost $1,500,000 $1,500,000
ACTUAL CAP HIT Tampa Bay Lightning logo $-750,000 $1,500,000
Savings $7,500,000 $-1,500,000

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