Dylan Larkin buyout calculator, cap hit impact

Dylan Larkin Buyout Cap Implications

Birthdate July 30, 1996

If Dylan Larkin was bought out prior to the 2022-2023 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 25 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 $1,750,000
Remaining base salary
($5,250,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $875,000
(Total buyout cost/2 years)

Dylan Larkin projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$5,250,000
$5,250,000 $0
Original Cap Hit $6,100,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,250,000) ($0)
Annual Buyout Cost $875,000 $875,000
ACTUAL CAP HIT Detroit Red Wings logo $1,725,000 $875,000
Savings $4,375,000 $-875,000

Active Contract

Signing Team
Signing Date August 10, 2018
Signing Status RFA
Agent Kurt Overhardt
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $30,500,000 7.48% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $6,100,000 $6,100,000 $6,100,000 $6,100,000 $6,100,000
UFA
AAV $6,100,000 $6,100,000 $6,100,000 $6,100,000 $6,100,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,750,000 $7,000,000 $4,750,000 $6,750,000 $5,250,000
Signing Bonuses $1,000,000 $0 $0 $0 $0
Total Salary $6,750,000 $7,000,000 $4,750,000 $6,750,000 $5,250,000
Minors Salary $6,750,000 $7,000,000 $4,750,000 $6,750,000 $5,250,000
Clauses NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out