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 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 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 $5,083,333
Remaining base salary
($7,625,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $847,222
(Total buyout cost/6 years)

Colton Sissons projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$7,625,000
$3,500,000 $2,300,000 $1,825,000 $0 $0 $0
Original Cap Hit $2,857,143 $2,857,143 $2,857,143 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($3,500,000) ($2,300,000) ($1,825,000) ($0) ($0) ($0)
Annual Buyout Cost $847,222 $847,222 $847,222 $847,222 $847,222 $847,222
ACTUAL CAP HIT Nashville Predators logo $204,365 $1,404,365 $1,879,365 $847,222 $847,222 $847,222
Savings $2,652,778 $1,452,778 $977,778 $-847,222 $-847,222 $-847,222

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