Danny DeKeyser buyout calculator, cap hit impact

Danny DeKeyser Buyout Cap Implications

Birthdate March 7, 1990

If Danny DeKeyser 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 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 $6,000,000
Remaining base salary
($9,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,500,000
(Total buyout cost/4 years)

Danny DeKeyser projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$9,000,000
$4,500,000 $4,500,000 $0 $0
Original Cap Hit $5,000,000 $5,000,000 $0 $0
Contract Signing Bonus $0 $500,000 $0 $0
Contract Total Salary ($4,500,000) ($5,000,000) ($0) ($0)
Annual Buyout Cost $1,500,000 $1,500,000 $1,500,000 $1,500,000
ACTUAL CAP HIT Detroit Red Wings logo $2,000,000 $2,000,000 $1,500,000 $1,500,000
Savings $3,000,000 $3,000,000 $-1,500,000 $-1,500,000

Active Contract

Signing Team
Signing Date July 26, 2016
Signing Status RFA
Agent Wade Arnott
Standard Contract | 6 Years $30,000,000 6.13% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $3,000,000 $5,000,000 $5,000,000 $5,000,000 $4,500,000 $4,500,000
Signing Bonuses $1,000,000 $500,000 $500,000 $500,000 $0 $500,000
Total Salary $4,000,000 $5,500,000 $5,500,000 $5,500,000 $4,500,000 $5,000,000
Minors Salary $4,000,000 $5,500,000 $5,500,000 $5,500,000 $4,500,000 $5,000,000
Clauses NTC NTC NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out