Curtis Lazar buyout calculator, cap hit impact

Curtis Lazar Buyout Cap Implications

Birthdate February 2, 1995

If Curtis Lazar 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 25 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 $533,333
Remaining base salary
($1,600,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $133,333
(Total buyout cost/4 years)

Curtis Lazar projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,600,000
$800,000 $800,000 $0 $0
Original Cap Hit $800,000 $800,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($800,000) ($800,000) ($0) ($0)
Annual Buyout Cost $133,333 $133,333 $133,333 $133,333
ACTUAL CAP HIT Boston Bruins logo $133,333 $133,333 $133,333 $133,333
Savings $666,667 $666,667 $-133,333 $-133,333

Active Contract

Signing Team
Signing Date September 24, 2020
Signing Status RFA
Agent J.P. Barry
Standard Contract | 2 Years $1,600,000 0.98% of cap space
2020-2021 2021-2022
Cap Hit $800,000 $800,000
UFA
AAV $800,000 $800,000
Performance Bonuses $0 $0
Base Salary $800,000 $800,000
Signing Bonuses $0 $0
Total Salary $800,000 $800,000
Minors Salary $800,000 $800,000
Clauses
UFA Year
Buy It Out