Claude Giroux buyout calculator, cap hit impact
Claude Giroux Buyout Cap Implications
Birthdate January 12, 1988
If Claude Giroux was bought out prior to the 2023-2024 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 35 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 $8,333,333
Remaining base salary
($12,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,083,333
(Total buyout cost/4 years)
Claude Giroux projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$12,500,000
$7,000,000
$5,500,000
$0
$0
Original Cap Hit
$6,500,000
$6,500,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($7,000,000)
($5,500,000)
($0)
($0)
Annual Buyout Cost
$2,083,333
$2,083,333
$2,083,333
$2,083,333
ACTUAL CAP HIT 
$1,583,333
$3,083,333
$2,083,333
$2,083,333
Savings
$4,916,667
$3,416,667
$-2,083,333
$-2,083,333
Birthdate January 12, 1988
If Claude Giroux was bought out prior to the 2023-2024 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 35 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 $8,333,333
Remaining base salary
($12,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,083,333
(Total buyout cost/4 years)
Claude Giroux projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $12,500,000 |
$7,000,000 | $5,500,000 | $0 | $0 |
| Original Cap Hit | $6,500,000 | $6,500,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($7,000,000) | ($5,500,000) | ($0) | ($0) |
| Annual Buyout Cost | $2,083,333 | $2,083,333 | $2,083,333 | $2,083,333 |
| ACTUAL CAP HIT
|
$1,583,333 | $3,083,333 | $2,083,333 | $2,083,333 |
| Savings | $4,916,667 | $3,416,667 | $-2,083,333 | $-2,083,333 |
Active Contract
Standard Contract | 3 Years $19,500,000 7.78% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|
| Cap Hit | $6,500,000 | $6,500,000 | $6,500,000 | UFA |
| AAV | $6,500,000 | $6,500,000 | $6,500,000 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $7,000,000 | $7,000,000 | $5,500,000 | |
| Signing Bonuses | $0 | $0 | $0 | |
| Total Salary | $7,000,000 | $7,000,000 | $5,500,000 | |
| Minors Salary | $7,000,000 | $7,000,000 | $5,500,000 | |
| Clauses | NMC | NMC | NMC | |
| UFA Year | ||||
| Buy It Out | Buy It Out | |||