Connor Mackey buyout calculator, cap hit impact

Connor Mackey Buyout Cap Implications

Birthdate September 12, 1996

If Connor Mackey 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 24 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $500,000
Remaining base salary
($1,500,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $125,000
(Total buyout cost/4 years)

Connor Mackey projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,500,000
$750,000 $750,000 $0 $0
Original Cap Hit $912,500 $912,500 $0 $0
Contract Signing Bonus $150,000 $175,000 $0 $0
Contract Total Salary ($900,000) ($925,000) ($0) ($0)
Annual Buyout Cost $125,000 $125,000 $125,000 $125,000
ACTUAL CAP HIT Calgary Flames logo $287,500 $287,500 $125,000 $125,000
Savings $625,000 $625,000 $-125,000 $-125,000

Active Contract

Signing Team
Signing Date September 8, 2021
Signing Status RFA
Agent Kevin Magnuson
Standard Contract | 2 Years $1,825,000 1.12% of cap space
2021-2022 2022-2023
Cap Hit $912,500 $912,500
RFA
AAV $912,500 $912,500
Performance Bonuses $0 $0
Base Salary $750,000 $750,000
Signing Bonuses $150,000 $175,000
Total Salary $900,000 $925,000
Minors Salary $900,000 $925,000
Clauses
UFA Year
Buy It Out Buy It Out