Jake Allen buyout calculator, cap hit impact

Jake Allen Buyout Cap Implications

Birthdate August 7, 1990

If Jake Allen was bought out prior to the 2019-2020 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 28 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 $6,133,333
Remaining base salary
($9,200,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,533,333
(Total buyout cost/4 years)

Jake Allen projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$9,200,000
$5,200,000 $4,000,000 $0 $0
Original Cap Hit $4,350,000 $4,350,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,200,000) ($4,000,000) ($0) ($0)
Annual Buyout Cost $1,533,333 $1,533,333 $1,533,333 $1,533,333
ACTUAL CAP HIT St. Louis Blues logo $683,333 $1,883,333 $1,533,333 $1,533,333
Savings $3,666,667 $2,466,667 $-1,533,333 $-1,533,333

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status RFA
Agent Allain Roy
Standard Contract | 4 Years $17,400,000 5.34% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $4,350,000 $4,350,000 $4,350,000 $4,350,000
UFA
AAV $4,350,000 $4,350,000 $4,350,000 $4,350,000
Performance Bonuses $0 $0 $0 $0
Base Salary $3,850,000 $4,350,000 $5,200,000 $4,000,000
Signing Bonuses $0 $0 $0 $0
Total Salary $3,850,000 $4,350,000 $5,200,000 $4,000,000
Minors Salary $3,850,000 $4,350,000 $5,200,000 $4,000,000
Clauses
UFA Year
Buy It Out Buy It Out