Dale Weise buyout calculator, cap hit impact

Dale Weise Buyout Cap Implications

Birthdate August 5, 1988

If Dale Weise 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 30 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 $1,166,667
Remaining base salary
($1,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $583,333
(Total buyout cost/2 years)

Dale Weise projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$1,750,000
$1,750,000 $0
Original Cap Hit $2,350,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,750,000) ($0)
Annual Buyout Cost $583,333 $583,333
ACTUAL CAP HIT Montreal Canadiens logo $1,183,333 $583,333
Savings $1,166,667 $-583,333

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status UFA
Agent Allain Roy
Standard Contract | 4 Years $9,400,000 2.88% of cap space
2016-2017 2017-2018 2018-2019 2019-2020
Cap Hit $2,350,000 $2,350,000 $2,350,000 $2,350,000
UFA
AAV $2,350,000 $2,350,000 $2,350,000 $2,350,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,250,000 $2,550,000 $2,350,000 $1,750,000
Signing Bonuses $500,000 $0 $0 $0
Total Salary $2,750,000 $2,550,000 $2,350,000 $1,750,000
Minors Salary $2,750,000 $2,550,000 $2,350,000 $1,750,000
Clauses
UFA Year
Buy It Out