Christian Wolanin buyout calculator, cap hit impact

Christian Wolanin Buyout Cap Implications

Birthdate March 17, 1995

If Christian Wolanin 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 24 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 $600,000
Remaining base salary
($1,800,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $150,000
(Total buyout cost/4 years)

Christian Wolanin projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,800,000
$800,000 $1,000,000 $0 $0
Original Cap Hit $900,000 $900,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($800,000) ($1,000,000) ($0) ($0)
Annual Buyout Cost $150,000 $150,000 $150,000 $150,000
ACTUAL CAP HIT Ottawa Senators logo $250,000 $50,000 $150,000 $150,000
Savings $650,000 $850,000 $-150,000 $-150,000

Active Contract

Signing Team
Signing Date July 4, 2019
Signing Status RFA
Agent Pat Brisson
Standard Contract | 2 Years $1,800,000 1.10% of cap space
2019-2020 2020-2021
Cap Hit $900,000 $900,000
RFA
AAV $900,000 $900,000
Performance Bonuses $0 $0
Base Salary $800,000 $1,000,000
Signing Bonuses $0 $0
Total Salary $800,000 $1,000,000
Minors Salary $100,000 $1,000,000
Clauses
UFA Year
Buy It Out