Cam Talbot buyout calculator, cap hit impact

Cam Talbot Buyout Cap Implications

Birthdate July 5, 1987

If Cam Talbot 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 33 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 $4,666,667
Remaining base salary
($7,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,166,667
(Total buyout cost/4 years)

Cam Talbot projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$7,000,000
$4,000,000 $3,000,000 $0 $0
Original Cap Hit $3,666,667 $3,666,667 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,000,000) ($3,000,000) ($0) ($0)
Annual Buyout Cost $1,166,667 $1,166,667 $1,166,667 $1,166,667
ACTUAL CAP HIT Minnesota Wild logo $833,334 $1,833,334 $1,166,667 $1,166,667
Savings $2,833,333 $1,833,333 $-1,166,667 $-1,166,667

Active Contract

Signing Team Minnesota Wild logo
Signing Date October 9, 2020
Signing Status UFA
Agent Jordan Neumann & George Bazos
Standard Contract | 3 Years $11,000,001 4.50% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $3,666,667 $3,666,667 $3,666,667
UFA
AAV $3,666,667 $3,666,667 $3,666,667
Performance Bonuses $0 $0 $0
Base Salary $4,000,000 $4,000,000 $3,000,000
Signing Bonuses $0 $0 $0
Total Salary $4,000,000 $4,000,000 $3,000,000
Minors Salary $4,000,000 $4,000,000 $3,000,000
Clauses
UFA Year
Buy It Out Buy It Out