Brett Seney buyout calculator, cap hit impact

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Brett Seney Buyout Cap Implications

Birthdate February 29, 1996

If Brett Seney 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 26 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 $516,667
Remaining base salary
($775,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $258,333
(Total buyout cost/2 years)

Brett Seney projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $775,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($775,000) ($0)
Annual Buyout Cost $258,333 $258,333
ACTUAL CAP HIT Chicago Blackhawks logo $258,333 $258,333
Savings $516,667 $-258,333

Active Contract

Signing Team Chicago Blackhawks logo
Signing Date July 13, 2022
Signing Status UFA
Agent Pete Rutili
Standard Contract | 1 Years $775,000 0.94% of cap space
2022-2023
Cap Hit $775,000
UFA
AAV $775,000
Performance Bonuses $0
Base Salary $775,000
Signing Bonuses $0
Total Salary $775,000
Minors Salary $400,000
Clauses
UFA Year
Buy It Out
475K Guaranteed