Dougie Hamilton buyout calculator, cap hit impact

Dougie Hamilton Buyout Cap Implications

Birthdate June 17, 1993

If Dougie Hamilton 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 26 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $2,000,000
Remaining base salary
($6,000,000 * 33% 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)

Dougie Hamilton projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$6,000,000
$6,000,000 $0
Original Cap Hit $5,750,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($6,000,000) ($0)
Annual Buyout Cost $1,000,000 $1,000,000
ACTUAL CAP HIT Carolina Hurricanes logo $750,000 $1,000,000
Savings $5,000,000 $-1,000,000

Active Contract

Signing Team
Signing Date June 30, 2015
Signing Status RFA
Agent J.P. Barry
Standard Contract | 6 Years $34,500,000 7.06% of cap space
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
UFA
AAV $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $5,500,000 $5,500,000 $5,750,000 $5,750,000 $6,000,000 $6,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $5,500,000 $5,500,000 $5,750,000 $5,750,000 $6,000,000 $6,000,000
Minors Salary $5,500,000 $5,500,000 $5,750,000 $5,750,000 $6,000,000 $6,000,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out