Brent Burns buyout calculator, cap hit impact

Brent Burns Buyout Cap Implications

Birthdate March 9, 1985

If Brent Burns 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 36 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 $8,666,667
Remaining base salary
($13,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,083,333
(Total buyout cost/8 years)

Brent Burns projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$13,000,000
$4,000,000 $3,000,000 $3,000,000 $3,000,000 $0 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $0 $0 $0 $0
Contract Signing Bonus $3,500,000 $3,500,000 $2,000,000 $2,000,000 $0 $0 $0 $0
Contract Total Salary ($7,500,000) ($6,500,000) ($5,000,000) ($5,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333
ACTUAL CAP HIT San Jose Sharks logo $5,083,333 $6,083,333 $6,083,333 $6,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333
Savings $2,916,667 $1,916,667 $1,916,667 $1,916,667 $-1,083,333 $-1,083,333 $-1,083,333 $-1,083,333

Active Contract

Signing Team
Signing Date November 22, 2016
Signing Status UFA
Agent Ron Salcer
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $64,000,000 9.82% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
UFA
AAV $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $3,000,000 $4,000,000 $5,000,000 $2,000,000 $4,000,000 $3,000,000 $3,000,000 $3,000,000
Signing Bonuses $7,000,000 $6,000,000 $5,000,000 $8,000,000 $3,500,000 $3,500,000 $2,000,000 $2,000,000
Total Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $7,500,000 $6,500,000 $5,000,000 $5,000,000
Minors Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $7,500,000 $6,500,000 $5,000,000 $5,000,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out