Colin White buyout calculator, cap hit impact

Colin White Buyout Cap Implications

Birthdate January 30, 1997

If Colin White 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 26 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 $7,333,333
Remaining base salary
($11,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/4 years)

Colin White projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$11,000,000
$4,750,000 $6,250,000 $0 $0
Original Cap Hit $4,750,000 $4,750,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,750,000) ($6,250,000) ($0) ($0)
Annual Buyout Cost $1,833,333 $1,833,333 $1,833,333 $1,833,333
ACTUAL CAP HIT Ottawa Senators logo $1,833,333 $333,333 $1,833,333 $1,833,333
Savings $2,916,667 $4,416,667 $-1,833,333 $-1,833,333

Active Contract

Signing Team
Signing Date August 21, 2019
Signing Status RFA
Agent Kent Hughes
Standard Contract | 6 Years $28,500,000 5.83% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000
UFA
AAV $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $4,000,000 $4,750,000 $4,750,000 $4,750,000 $6,250,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $4,000,000 $4,000,000 $4,750,000 $4,750,000 $4,750,000 $6,250,000
Minors Salary $4,000,000 $4,000,000 $4,750,000 $4,750,000 $4,750,000 $6,250,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out