Evan Barratt buyout calculator, cap hit impact

Evan Barratt Buyout Cap Implications

Birthdate February 18, 1999

If Evan Barratt 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 21 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 $777,500
Remaining base salary
($2,332,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,583
(Total buyout cost/6 years)

Evan Barratt projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$2,332,500
$750,000 $750,000 $0 $0 $0 $0 $832,500 $0 $0 $0 $0
Original Cap Hit $870,000 $870,000 $0 $0 $0 $0 $870,000 $0 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $0 $0 $0 $0 $92,500 $0 $0 $0 $0
Contract Total Salary ($842,500) ($842,500) ($0) ($0) ($0) ($0) ($925,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $129,583 $129,583 $129,583 $129,583 $129,583 $129,583 $129,583 $129,583 $129,583 $129,583 $129,583
ACTUAL CAP HIT Chicago Blackhawks logo $249,583 $249,583 $129,583 $129,583 $129,583 $129,583 $167,083 $129,583 $129,583 $129,583 $129,583
Savings $620,417 $620,417 $-129,583 $-129,583 $-129,583 $-129,583 $702,917 $-129,583 $-129,583 $-129,583 $-129,583

Active Contract

Signing Team
Signing Date April 2, 2020
Agent Jordan Neumann & George Bazos
Entry Level Contract | 3 Years $2,610,000 1.07% of cap space
2020-2021 2021-2022 2021-2022
Cap Hit $870,000 $870,000 $870,000
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $82,500 $82,500 $0
Base Salary $750,000 $750,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $842,500 $842,500 $925,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out