Ian Mitchell buyout calculator, cap hit impact

Ian Mitchell Buyout Cap Implications

Birthdate January 18, 1999

If Ian Mitchell 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 $832,500
Remaining base salary
($2,497,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/6 years)

Ian Mitchell projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$2,497,500
$832,500 $832,500 $832,500 $0 $0 $0
Original Cap Hit $925,000 $925,000 $925,000 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($925,000) ($925,000) ($925,000) ($0) ($0) ($0)
Annual Buyout Cost $138,750 $138,750 $138,750 $138,750 $138,750 $138,750
ACTUAL CAP HIT Chicago Blackhawks logo $231,250 $231,250 $231,250 $138,750 $138,750 $138,750
Savings $693,750 $693,750 $693,750 $-138,750 $-138,750 $-138,750

Active Contract

Signing Team
Signing Date July 16, 2020
Agent Gregory Landry
Entry Level Contract | 3 Years $2,775,000 1.13% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $925,000 $925,000 $925,000
RFA
AAV $1,775,000 $1,775,000 $1,775,000
Performance Bonuses $850,000 $850,000 $850,000
Base Salary $832,500 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $925,000 $925,000 $925,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out