Brendan Gallagher buyout calculator, cap hit impact

Brendan Gallagher Buyout Cap Implications

Birthdate May 6, 1992

If Brendan Gallagher 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 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 $22,666,667
Remaining base salary
($34,000,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $2,266,667
(Total buyout cost/10 years)

Brendan Gallagher projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$34,000,000
$6,500,000 $8,000,000 $9,000,000 $6,500,000 $4,000,000 $0 $0 $0 $0 $0
Original Cap Hit $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,500,000) ($8,000,000) ($9,000,000) ($6,500,000) ($4,000,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667
ACTUAL CAP HIT Montreal Canadiens logo $2,266,667 $766,667 $-233,333 $2,266,667 $4,766,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667 $2,266,667
Savings $4,233,333 $5,733,333 $6,733,333 $4,233,333 $1,733,333 $-2,266,667 $-2,266,667 $-2,266,667 $-2,266,667 $-2,266,667

Active Contract

Signing Team
Signing Date October 14, 2020
Signing Status UFA
Agent Gerry Johannson
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $39,000,000 7.98% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000
UFA
AAV $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $5,000,000 $6,500,000 $8,000,000 $9,000,000 $6,500,000 $4,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $5,000,000 $6,500,000 $8,000,000 $9,000,000 $6,500,000 $4,000,000
Minors Salary $5,000,000 $6,500,000 $8,000,000 $9,000,000 $6,500,000 $4,000,000
Clauses M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
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