Colton Sissons buyout calculator, cap hit impact

Colton Sissons Buyout Cap Implications

Birthdate November 5, 1993

If Colton Sissons 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 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 $11,033,333
Remaining base salary
($16,550,000 * 67% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $919,444
(Total buyout cost/12 years)

Colton Sissons projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$16,550,000
$2,500,000 $3,650,000 $2,775,000 $3,500,000 $2,300,000 $1,825,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,500,000) ($3,650,000) ($2,775,000) ($3,500,000) ($2,300,000) ($1,825,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444
ACTUAL CAP HIT Nashville Predators logo $1,276,587 $126,587 $1,001,587 $276,587 $1,476,587 $1,951,587 $919,444 $919,444 $919,444 $919,444 $919,444 $919,444
Savings $1,580,556 $2,730,556 $1,855,556 $2,580,556 $1,380,556 $905,556 $-919,444 $-919,444 $-919,444 $-919,444 $-919,444 $-919,444

Active Contract

Signing Team
Signing Date July 23, 2019
Signing Status RFA
Agent Murray Koontz
Standard Contract | 7 Years $20,000,001 3.51% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143
UFA
AAV $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143 $2,857,143
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $3,450,000 $2,500,000 $3,650,000 $2,775,000 $3,500,000 $2,300,000 $1,825,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $3,450,000 $2,500,000 $3,650,000 $2,775,000 $3,500,000 $2,300,000 $1,825,000
Minors Salary $3,450,000 $2,500,000 $3,650,000 $2,775,000 $3,500,000 $2,300,000 $1,825,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out