Jaccob Slavin buyout calculator, cap hit impact

Jaccob Slavin Buyout Cap Implications

Birthdate May 1, 1994

If Jaccob Slavin was bought out prior to the 2021-2022 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 27 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 $14,800,000
Remaining base salary
($22,200,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,850,000
(Total buyout cost/8 years)

Jaccob Slavin projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$22,200,000
$6,000,000 $5,500,000 $5,500,000 $5,200,000 $0 $0 $0 $0
Original Cap Hit $5,300,000 $5,300,000 $5,300,000 $5,300,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($5,500,000) ($5,500,000) ($5,200,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,850,000 $1,850,000 $1,850,000 $1,850,000 $1,850,000 $1,850,000 $1,850,000 $1,850,000
ACTUAL CAP HIT Carolina Hurricanes logo $1,150,000 $1,650,000 $1,650,000 $1,950,000 $1,850,000 $1,850,000 $1,850,000 $1,850,000
Savings $4,150,000 $3,650,000 $3,650,000 $3,350,000 $-1,850,000 $-1,850,000 $-1,850,000 $-1,850,000

Active Contract

Signing Team
Signing Date July 12, 2017
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 7 Years $37,100,000 6.50% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000
UFA
AAV $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $5,500,000 $5,500,000 $3,900,000 $6,000,000 $5,500,000 $5,500,000 $5,200,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $5,500,000 $5,500,000 $3,900,000 $6,000,000 $5,500,000 $5,500,000 $5,200,000
Minors Salary $5,500,000 $5,500,000 $3,900,000 $6,000,000 $5,500,000 $5,500,000 $5,200,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
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