Curtis McElhinney buyout calculator, cap hit impact

Curtis McElhinney Buyout Cap Implications

Birthdate May 23, 1983

If Curtis McElhinney was bought out prior to the 2019-2020 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 36 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 $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $433,333
(Total buyout cost/4 years)

Curtis McElhinney projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$2,600,000
$1,300,000 $1,300,000 $0 $0
Original Cap Hit $1,300,000 $1,300,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,300,000) ($1,300,000) ($0) ($0)
Annual Buyout Cost $433,333 $433,333 $433,333 $433,333
ACTUAL CAP HIT Tampa Bay Lightning logo $433,333 $433,333 $433,333 $433,333
Savings $866,667 $866,667 $-433,333 $-433,333

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Rolland Hedges
Standard Contract | 2 Years $2,600,000 1.60% of cap space
2019-2020 2020-2021
Cap Hit $1,300,000 $1,300,000
UFA
AAV $1,300,000 $1,300,000
Performance Bonuses $0 $0
Base Salary $1,300,000 $1,300,000
Signing Bonuses $0 $0
Total Salary $1,300,000 $1,300,000
Minors Salary $1,300,000 $1,300,000
Clauses
UFA Year
Buy It Out Buy It Out