Callum Booth buyout calculator, cap hit impact

Callum Booth Buyout Cap Implications

Birthdate May 21, 1997

If Callum Booth was bought out prior to the 2019-2020 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 22 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $116,667
(Total buyout cost/2 years)

Callum Booth projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$700,000
$700,000 $0
Original Cap Hit $741,667 $0
Contract Signing Bonus $75,000 $0
Contract Total Salary ($775,000) ($0)
Annual Buyout Cost $116,667 $116,667
ACTUAL CAP HIT Carolina Hurricanes logo $158,334 $116,667
Savings $583,333 $-116,667

Active Contract

Signing Team
Signing Date March 16, 2017
Agent Chad Levitt
Entry Level Contract | 3 Years $2,275,000 0.91% of cap space
2017-2018 2018-2019 2019-2020
Cap Hit $741,667 $741,667 $741,667
RFA
AAV $758,333 $758,333 $758,333
Performance Bonuses $25,000 $25,000 $0
Base Salary $650,000 $650,000 $700,000
Signing Bonuses $75,000 $75,000 $75,000
Total Salary $725,000 $725,000 $775,000
Minors Salary $65,000 $65,000 $67,500
Clauses
UFA Year
Buy It Out