Colton Sceviour buyout calculator, cap hit impact

Colton Sceviour Buyout Cap Implications

Birthdate April 20, 1989

If Colton Sceviour was bought out prior to the 2020-2021 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 31 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 $800,000
Remaining base salary
($1,200,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $400,000
(Total buyout cost/2 years)

Colton Sceviour projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$1,200,000
$1,200,000 $0
Original Cap Hit $1,200,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,200,000) ($0)
Annual Buyout Cost $400,000 $400,000
ACTUAL CAP HIT Pittsburgh Penguins logo $400,000 $400,000
Savings $800,000 $-400,000

Active Contract

Signing Team
Signing Date February 12, 2018
Signing Status UFA
Agent J.P. Barry
Standard Contract | 3 Years $3,600,000 1.47% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $1,200,000 $1,200,000 $1,200,000
UFA
AAV $1,200,000 $1,200,000 $1,200,000
Performance Bonuses $0 $0 $0
Base Salary $850,000 $1,200,000 $1,200,000
Signing Bonuses $350,000 $0 $0
Total Salary $1,200,000 $1,200,000 $1,200,000
Minors Salary $1,200,000 $1,200,000 $1,200,000
Clauses
UFA Year
Buy It Out