David Backes buyout calculator, cap hit impact

David Backes Buyout Cap Implications

Birthdate May 1, 1984

If David Backes 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 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 $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)

This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
David Backes projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,000,000
$3,000,000 $0
Original Cap Hit $6,000,000 $0
Contract Signing Bonus $1,000,000 $0
Contract Total Salary ($4,000,000) ($0)
Annual Buyout Cost $1,000,000 $1,000,000
ACTUAL CAP HIT Anaheim Ducks logo $3,000,000 $750,000
Savings $1,500,000 $-750,000
ACTUAL CAP HIT Boston Bruins logo $1,000,000 $250,000
Savings $500,000 $-250,000

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status UFA
Agent Wade Arnott
Standard Contract | 5 Years $30,000,000 7.36% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
UFA
AAV $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,000,000 $5,000,000 $3,000,000 $1,000,000 $3,000,000
Signing Bonuses $3,000,000 $3,000,000 $3,000,000 $3,000,000 $1,000,000
Total Salary $8,000,000 $8,000,000 $6,000,000 $4,000,000 $4,000,000
Minors Salary $8,000,000 $8,000,000 $6,000,000 $4,000,000 $4,000,000
Clauses NMC NMC NMC M-NTC M-NTC
UFA Year
Buy It Out
* Retained 25% of contract was retained by Boston Bruins in trade to Anaheim Ducks