Cayden Primeau buyout calculator, cap hit impact

Cayden Primeau Buyout Cap Implications

Birthdate August 11, 1999

If Cayden Primeau 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 19 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 $788,333
Remaining base salary
($2,365,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $131,389
(Total buyout cost/6 years)

Cayden Primeau projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,365,000
$700,000 $832,500 $832,500 $0 $0 $0
Original Cap Hit $880,833 $880,833 $880,833 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($792,500) ($925,000) ($925,000) ($0) ($0) ($0)
Annual Buyout Cost $131,389 $131,389 $131,389 $131,389 $131,389 $131,389
ACTUAL CAP HIT Montreal Canadiens logo $312,222 $179,722 $179,722 $131,389 $131,389 $131,389
Savings $568,611 $701,111 $701,111 $-131,389 $-131,389 $-131,389

Active Contract

Signing Team
Signing Date March 31, 2019
Entry Level Contract | 3 Years $2,642,499 1.08% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $880,833 $880,833 $880,833
RFA
AAV $966,666 $966,666 $966,666
Performance Bonuses $257,500 $0 $0
Base Salary $700,000 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $792,500 $925,000 $925,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out