Evander Kane buyout calculator, cap hit impact
Evander Kane Buyout Cap Implications
Birthdate August 2, 1991
If Evander Kane was bought out prior to the 2023-2024 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 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $5,500,000
Remaining base salary
($8,250,000 * 67% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $916,667
(Total buyout cost/6 years)
Evander Kane projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
Remaining Base Salary
$8,250,000
$1,500,000
$2,750,000
$4,000,000
$0
$0
$0
Original Cap Hit
$5,125,000
$5,125,000
$5,125,000
$0
$0
$0
Contract Signing Bonus
$4,000,000
$2,000,000
$0
$0
$0
$0
Contract Total Salary
($5,500,000)
($4,750,000)
($4,000,000)
($0)
($0)
($0)
Annual Buyout Cost
$916,667
$916,667
$916,667
$916,667
$916,667
$916,667
ACTUAL CAP HIT 
$4,541,667
$3,291,667
$2,041,667
$916,667
$916,667
$916,667
Savings
$583,333
$1,833,333
$3,083,333
$-916,667
$-916,667
$-916,667
Birthdate August 2, 1991
If Evander Kane was bought out prior to the 2023-2024 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 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $5,500,000
Remaining base salary
($8,250,000 * 67% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $916,667
(Total buyout cost/6 years)
Evander Kane projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $8,250,000 |
$1,500,000 | $2,750,000 | $4,000,000 | $0 | $0 | $0 |
| Original Cap Hit | $5,125,000 | $5,125,000 | $5,125,000 | $0 | $0 | $0 |
| Contract Signing Bonus | $4,000,000 | $2,000,000 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($5,500,000) | ($4,750,000) | ($4,000,000) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $916,667 | $916,667 | $916,667 | $916,667 | $916,667 | $916,667 |
| ACTUAL CAP HIT
|
$4,541,667 | $3,291,667 | $2,041,667 | $916,667 | $916,667 | $916,667 |
| Savings | $583,333 | $1,833,333 | $3,083,333 | $-916,667 | $-916,667 | $-916,667 |
Active Contract
Standard Contract | 4 Years $20,500,000 6.14% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | ||
|---|---|---|---|---|---|
| Cap Hit | $5,125,000 | $5,125,000 | $5,125,000 | $5,125,000 | UFA |
| AAV | $5,125,000 | $5,125,000 | $5,125,000 | $5,125,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $750,000 | $1,500,000 | $2,750,000 | $4,000,000 | |
| Signing Bonuses | $5,500,000 | $4,000,000 | $2,000,000 | $0 | |
| Total Salary | $6,250,000 | $5,500,000 | $4,750,000 | $4,000,000 | |
| Minors Salary | $6,250,000 | $5,500,000 | $4,750,000 | $4,000,000 | |
| Clauses | NMC | NMC | M-NTC
NMC |
M-NTC | |
| UFA Year | |||||
| Buy It Out | Buy It Out | Buy It Out | |||
| No Move through Feb 28, 2025, then 16 team Approved Trade List | |||||