Cameron Hillis buyout calculator, cap hit impact

Cameron Hillis Buyout Cap Implications

Birthdate June 24, 2000

If Cameron Hillis 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 21 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 $266,667
Remaining base salary
($800,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $133,333
(Total buyout cost/2 years)

Cameron Hillis projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$800,000
$800,000 $0
Original Cap Hit $838,333 $0
Contract Signing Bonus $80,000 $0
Contract Total Salary ($880,000) ($0)
Annual Buyout Cost $133,333 $133,333
ACTUAL CAP HIT Montreal Canadiens logo $171,666 $133,333
Savings $666,667 $-133,333

Active Contract

Signing Team
Signing Date May 12, 2020
Entry Level Contract | 3 Years $2,514,999 1.03% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $838,333 $838,333 $838,333
RFA
AAV $910,000 $910,000 $910,000
Performance Bonuses $132,500 $82,500 $0
Base Salary $700,000 $750,000 $800,000
Signing Bonuses $92,500 $92,500 $80,000
Total Salary $792,500 $842,500 $880,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out