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 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 29 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 $15,000,000
Remaining base salary
($22,500,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $1,500,000
(Total buyout cost/10 years)

Charlie Coyle projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$22,500,000
$6,000,000 $3,000,000 $4,500,000 $4,500,000 $4,500,000 $0 $0 $0 $0 $0
Original Cap Hit $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $1,000,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($4,000,000) ($4,500,000) ($4,500,000) ($4,500,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000
ACTUAL CAP HIT Boston Bruins logo $750,000 $3,750,000 $2,250,000 $2,250,000 $2,250,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000
Savings $4,500,000 $1,500,000 $3,000,000 $3,000,000 $3,000,000 $-1,500,000 $-1,500,000 $-1,500,000 $-1,500,000 $-1,500,000

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