Brett Kulak buyout calculator, cap hit impact


Brett Kulak Buyout Cap Implications

Birthdate January 6, 1994

If Brett Kulak 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 26 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 $1,200,000
Remaining base salary
($3,600,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $300,000
(Total buyout cost/4 years)

Brett Kulak projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$3,600,000
$1,400,000 $2,200,000 $0 $0
Original Cap Hit $1,850,000 $1,850,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,400,000) ($2,200,000) ($0) ($0)
Annual Buyout Cost $300,000 $300,000 $300,000 $300,000
ACTUAL CAP HIT Montreal Canadiens logo $750,000 $-50,000 $300,000 $300,000
Savings $1,100,000 $1,900,000 $-300,000 $-300,000

Active Contract

Signing Team
Signing Date May 25, 2019
Signing Status RFA
Agent Gerry Johannson
View Player Profile
Potential Lockout Year
Standard Contract | 3 Years $5,550,000 2.27% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $1,850,000 $1,850,000 $1,850,000
UFA
AAV $1,850,000 $1,850,000 $1,850,000
Performance Bonuses $0 $0 $0
Base Salary $1,950,000 $1,400,000 $2,200,000
Signing Bonuses $0 $0 $0
Total Salary $1,950,000 $1,400,000 $2,200,000
Minors Salary $1,950,000 $1,400,000 $2,200,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out