Cody Eakin buyout calculator, cap hit impact

Cody Eakin Buyout Cap Implications

Birthdate May 24, 1991

If Cody Eakin 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 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 $2,566,667
Remaining base salary
($3,850,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,283,333
(Total buyout cost/2 years)

Cody Eakin projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$3,850,000
$3,850,000 $0
Original Cap Hit $3,850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,850,000) ($0)
Annual Buyout Cost $1,283,333 $1,283,333
ACTUAL CAP HIT Winnipeg Jets logo $1,283,333 $1,283,333
Savings $2,566,667 $-1,283,333

Active Contract

Signing Team
Signing Date August 28, 2015
Signing Status RFA
Agent Jarrett Bousquet
Standard Contract | 4 Years $15,400,000 4.72% of cap space
2016-2017 2017-2018 2018-2019 2019-2020
Cap Hit $3,850,000 $3,850,000 $3,850,000 $3,850,000
UFA
AAV $3,850,000 $3,850,000 $3,850,000 $3,850,000
Performance Bonuses $0 $0 $0 $0
Base Salary $3,650,000 $3,850,000 $3,850,000 $3,850,000
Signing Bonuses $200,000 $0 $0 $0
Total Salary $3,850,000 $3,850,000 $3,850,000 $3,850,000
Minors Salary $3,850,000 $3,850,000 $3,850,000 $3,850,000
Clauses
UFA Year
Buy It Out