Devon Toews buyout calculator, cap hit impact

Devon Toews Buyout Cap Implications

Birthdate February 21, 1994

If Devon Toews was bought out prior to the 2021-2022 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 27 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 $9,366,667
Remaining base salary
($14,050,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $1,561,111
(Total buyout cost/6 years)

Devon Toews projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$14,050,000
$3,550,000 $4,600,000 $5,900,000 $0 $0 $0
Original Cap Hit $4,100,000 $4,100,000 $4,100,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($3,550,000) ($4,600,000) ($5,900,000) ($0) ($0) ($0)
Annual Buyout Cost $1,561,111 $1,561,111 $1,561,111 $1,561,111 $1,561,111 $1,561,111
ACTUAL CAP HIT Colorado Avalanche logo $2,111,111 $1,061,111 $-238,889 $1,561,111 $1,561,111 $1,561,111
Savings $1,988,889 $3,038,889 $4,338,889 $-1,561,111 $-1,561,111 $-1,561,111

Active Contract

Signing Team Colorado Avalanche logo
Signing Date October 27, 2020
Signing Status RFA
Agent Ross Gurney
Standard Contract | 4 Years $16,400,000 5.03% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $4,100,000 $4,100,000 $4,100,000 $4,100,000
UFA
AAV $4,100,000 $4,100,000 $4,100,000 $4,100,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,350,000 $3,550,000 $4,600,000 $5,900,000
Signing Bonuses $0 $0 $0 $0
Total Salary $2,350,000 $3,550,000 $4,600,000 $5,900,000
Minors Salary $2,350,000 $3,550,000 $4,600,000 $5,900,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out