Emil Heineman buyout calculator, cap hit impact

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Emil Heineman Buyout Cap Implications

Birthdate November 16, 2001

If Emil Heineman 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 20 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 $805,000
Remaining base salary
($2,415,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $134,167
(Total buyout cost/6 years)

Emil Heineman projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,415,000
$750,000 $832,500 $832,500 $0 $0 $0
Original Cap Hit $897,500 $897,500 $897,500 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($842,500) ($925,000) ($925,000) ($0) ($0) ($0)
Annual Buyout Cost $134,167 $134,167 $134,167 $134,167 $134,167 $134,167
ACTUAL CAP HIT Montreal Canadiens logo $281,667 $199,167 $199,167 $134,167 $134,167 $134,167
Savings $615,833 $698,333 $698,333 $-134,167 $-134,167 $-134,167

Active Contract

Signing Team Montreal Canadiens logo
Signing Date April 4, 2022
Agent Matt Keator
Entry Level Contract | 3 Years $2,692,500 1.09% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $897,500 $897,500 $897,500
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $82,500 $0 $0
Base Salary $750,000 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $842,500 $925,000 $925,000
Minors Salary $80,000 $80,000 $80,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out