Charlie Coyle buyout calculator, cap hit impact

Charlie Coyle Buyout Cap Implications

Birthdate March 2, 1992

If Charlie Coyle was bought out prior to the 2020-2021 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 28 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 $20,333,333
Remaining base salary
($30,500,000 * 67% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $1,694,444
(Total buyout cost/12 years)

Charlie Coyle projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$30,500,000
$8,000,000 $6,000,000 $3,000,000 $4,500,000 $4,500,000 $4,500,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $1,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($8,000,000) ($6,000,000) ($4,000,000) ($4,500,000) ($4,500,000) ($4,500,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444
ACTUAL CAP HIT Boston Bruins logo $-1,055,556 $944,444 $3,944,444 $2,444,444 $2,444,444 $2,444,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444
Savings $6,305,556 $4,305,556 $1,305,556 $2,805,556 $2,805,556 $2,805,556 $-1,694,444 $-1,694,444 $-1,694,444 $-1,694,444 $-1,694,444 $-1,694,444

Active Contract

Signing Team
Signing Date November 27, 2019
Signing Status UFA
Agent Robert Norton
Standard Contract | 6 Years $31,500,000 6.44% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000
UFA
AAV $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $8,000,000 $6,000,000 $3,000,000 $4,500,000 $4,500,000 $4,500,000
Signing Bonuses $0 $0 $1,000,000 $0 $0 $0
Total Salary $8,000,000 $6,000,000 $4,000,000 $4,500,000 $4,500,000 $4,500,000
Minors Salary $8,000,000 $6,000,000 $4,000,000 $4,500,000 $4,500,000 $4,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out