David Savard buyout calculator, cap hit impact

David Savard Buyout Cap Implications

Birthdate October 22, 1990

If David Savard was bought out prior to the 2024-2025 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 $1,533,333
Remaining base salary
($2,300,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $766,667
(Total buyout cost/2 years)

David Savard projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$2,300,000
$2,300,000 $0
Original Cap Hit $3,500,000 $0
Contract Signing Bonus $500,000 $0
Contract Total Salary ($2,800,000) ($0)
Annual Buyout Cost $766,667 $766,667
ACTUAL CAP HIT Montreal Canadiens logo $1,966,667 $766,667
Savings $1,533,333 $-766,667

Active Contract

Signing Team Montreal Canadiens logo
Signing Date July 28, 2021
Signing Status UFA
Agent Ian Pulver
Standard Contract | 4 Years $14,000,000 4.29% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $3,500,000 $3,500,000 $3,500,000 $3,500,000
UFA
AAV $3,500,000 $3,500,000 $3,500,000 $3,500,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,800,000 $4,200,000 $4,200,000 $2,300,000
Signing Bonuses $0 $0 $0 $500,000
Total Salary $2,800,000 $4,200,000 $4,200,000 $2,800,000
Minors Salary $2,800,000 $4,200,000 $4,200,000 $2,800,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out