Cody Ceci buyout calculator, cap hit impact

Cody Ceci Buyout Cap Implications

Birthdate December 21, 1993

If Cody Ceci 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 25 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 $1,500,000
Remaining base salary
($4,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $750,000
(Total buyout cost/2 years)

Cody Ceci projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$4,500,000
$4,500,000 $0
Original Cap Hit $4,500,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,500,000) ($0)
Annual Buyout Cost $750,000 $750,000
ACTUAL CAP HIT Toronto Maple Leafs logo $750,000 $750,000
Savings $3,750,000 $-750,000

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status RFA
Agent J.P. Barry
Standard Contract | 1 Years $4,500,000 5.52% of cap space
2019-2020
Cap Hit $4,500,000
UFA
AAV $4,500,000
Performance Bonuses $0
Base Salary $4,500,000
Signing Bonuses $0
Total Salary $4,500,000
Minors Salary $4,500,000
Clauses
UFA Year
Buy It Out