Ethan Bear buyout calculator, cap hit impact

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Ethan Bear Buyout Cap Implications

Birthdate June 26, 1997

If Ethan Bear 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 $733,333
Remaining base salary
($2,200,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $366,667
(Total buyout cost/2 years)

This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Ethan Bear projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$2,200,000
$2,200,000 $0
Original Cap Hit $2,200,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($2,200,000) ($0)
Annual Buyout Cost $366,667 $366,667
ACTUAL CAP HIT Vancouver Canucks logo $300,000 $300,000
Savings $1,500,000 $-300,000
ACTUAL CAP HIT Carolina Hurricanes logo $66,667 $66,667
Savings $333,333 $-66,667

Active Contract

Signing Team Carolina Hurricanes logo
Signing Date July 27, 2022
Signing Status RFA
Agent Jason Davidson
Standard Contract | 1 Years $2,200,000 2.67% of cap space
2022-2023
Cap Hit $2,200,000
RFA
AAV $2,200,000
Performance Bonuses $0
Base Salary $2,200,000
Signing Bonuses $0
Total Salary $2,200,000
Minors Salary $2,200,000
Clauses
UFA Year
Buy It Out
* Retained 18.1818% of contract was retained by Carolina Hurricanes in trade to Vancouver Canucks