Colin Wilson buyout calculator, cap hit impact

Colin Wilson Buyout Cap Implications

Birthdate October 20, 1989

If Colin Wilson 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 29 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 $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $866,667
(Total buyout cost/2 years)

Colin Wilson projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$2,600,000
$2,600,000 $0
Original Cap Hit $2,600,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($2,600,000) ($0)
Annual Buyout Cost $866,667 $866,667
ACTUAL CAP HIT Colorado Avalanche logo $866,667 $866,667
Savings $1,733,333 $-866,667

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Joe Caligiuri
Standard Contract | 1 Years $2,600,000 3.19% of cap space
2019-2020
Cap Hit $2,600,000
UFA
AAV $2,600,000
Performance Bonuses $0
Base Salary $2,600,000
Signing Bonuses $0
Total Salary $2,600,000
Minors Salary $2,600,000
Clauses
UFA Year
Buy It Out