Colton Parayko buyout calculator, cap hit impact

Colton Parayko Buyout Cap Implications

Birthdate May 12, 1993

If Colton Parayko was bought out prior to the 2021-2022 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 $3,750,000
Remaining base salary
($5,625,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,875,000
(Total buyout cost/2 years)

Colton Parayko projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$5,625,000
$5,625,000 $0
Original Cap Hit $5,500,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,625,000) ($0)
Annual Buyout Cost $1,875,000 $1,875,000
ACTUAL CAP HIT St. Louis Blues logo $1,750,000 $1,875,000
Savings $3,750,000 $-1,875,000

Active Contract

Signing Team
Signing Date July 20, 2017
Signing Status RFA
Agent Gerry Johannson
Standard Contract | 5 Years $27,500,000 6.75% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $6,500,000 $6,500,000 $5,525,000 $3,350,000 $5,625,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $6,500,000 $6,500,000 $5,525,000 $3,350,000 $5,625,000
Minors Salary $6,500,000 $6,500,000 $5,525,000 $3,350,000 $5,625,000
Clauses
UFA Year
Buy It Out Buy It Out