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 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 37 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 $6,000,000
Remaining base salary
($9,000,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $1,000,000
(Total buyout cost/6 years)

Brent Burns projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$9,000,000
$3,000,000 $3,000,000 $3,000,000 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $0 $0 $0
Contract Signing Bonus $3,500,000 $2,000,000 $2,000,000 $0 $0 $0
Contract Total Salary ($6,500,000) ($5,000,000) ($5,000,000) ($0) ($0) ($0)
Annual Buyout Cost $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
ACTUAL CAP HIT San Jose Sharks logo $6,000,000 $6,000,000 $6,000,000 $1,000,000 $1,000,000 $1,000,000
Savings $2,000,000 $2,000,000 $2,000,000 $-1,000,000 $-1,000,000 $-1,000,000