Carey Price buyout calculator, cap hit impact

Carey Price Buyout Cap Implications

Birthdate August 16, 1987

If Carey Price 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 31 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 $8,000,000
Remaining base salary
($12,000,000 * 67% buyout multiplier)
.

7 years left in contract.
Buyout applied over 14 years
(2x years remaining on contract)

Annual buyout cost of $571,429
(Total buyout cost/14 years)

Carey Price projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033
Remaining Base Salary
$12,000,000
$2,000,000 $1,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $2,000,000 $0 $0 $0 $0 $0 $0 $0
Original Cap Hit $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $0 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $13,000,000 $8,750,000 $11,000,000 $6,750,000 $6,500,000 $5,500,000 $5,500,000 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($15,000,000) ($9,750,000) ($13,000,000) ($7,750,000) ($8,500,000) ($7,500,000) ($7,500,000) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429
ACTUAL CAP HIT Montreal Canadiens logo $9,071,429 $10,071,429 $9,071,429 $10,071,429 $9,071,429 $9,071,429 $9,071,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429 $571,429
Savings $1,428,571 $428,571 $1,428,571 $428,571 $1,428,571 $1,428,571 $1,428,571 $-571,429 $-571,429 $-571,429 $-571,429 $-571,429 $-571,429 $-571,429

Active Contract

Signing Team
Signing Date July 2, 2017
Signing Status UFA
Agent Gerry Johannson
Standard Contract | 8 Years $84,000,000 12.88% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000
UFA
AAV $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000 $10,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $2,000,000 $2,000,000 $1,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $2,000,000
Signing Bonuses $13,000,000 $13,000,000 $8,750,000 $11,000,000 $6,750,000 $6,500,000 $5,500,000 $5,500,000
Total Salary $15,000,000 $15,000,000 $9,750,000 $13,000,000 $7,750,000 $8,500,000 $7,500,000 $7,500,000
Minors Salary $15,000,000 $15,000,000 $9,750,000 $13,000,000 $7,750,000 $8,500,000 $7,500,000 $7,500,000
Clauses NMC NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out