Darren Helm buyout calculator, cap hit impact

Darren Helm Buyout Cap Implications

Birthdate January 21, 1987

If Darren Helm 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 33 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 $2,000,000
Remaining base salary
($3,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,000,000
(Total buyout cost/2 years)

Darren Helm projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,000,000
$3,000,000 $0
Original Cap Hit $3,850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,000,000) ($0)
Annual Buyout Cost $1,000,000 $1,000,000
ACTUAL CAP HIT Detroit Red Wings logo $1,850,000 $1,000,000
Savings $2,000,000 $-1,000,000

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status UFA
Agent Kevin Epp
Standard Contract | 5 Years $19,250,000 4.72% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $3,850,000 $3,850,000 $3,850,000 $3,850,000 $3,850,000
UFA
AAV $3,850,000 $3,850,000 $3,850,000 $3,850,000 $3,850,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,000,000 $3,500,000 $3,500,000 $3,000,000 $3,000,000
Signing Bonuses $1,000,000 $1,000,000 $250,000 $0 $0
Total Salary $5,000,000 $4,500,000 $3,750,000 $3,000,000 $3,000,000
Minors Salary $5,000,000 $4,500,000 $3,750,000 $3,000,000 $3,000,000
Clauses
UFA Year
Buy It Out