Jake McCabe buyout calculator, cap hit impact


Jake McCabe Buyout Cap Implications

Birthdate October 12, 1993

If Jake McCabe 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 26 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 $950,000
Remaining base salary
($2,850,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $475,000
(Total buyout cost/2 years)

Jake McCabe projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$2,850,000
$2,850,000 $0
Original Cap Hit $2,850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($2,850,000) ($0)
Annual Buyout Cost $475,000 $475,000
ACTUAL CAP HIT Buffalo Sabres logo $475,000 $475,000
Savings $2,375,000 $-475,000

Active Contract

Signing Team
Signing Date August 3, 2019
Signing Status RFA
Agent Daniel Plante
View Player Profile
Potential Lockout Year
Standard Contract | 2 Years $5,700,000 3.50% of cap space
2019-2020 2020-2021
Cap Hit $2,850,000 $2,850,000
UFA
AAV $2,850,000 $2,850,000
Performance Bonuses $0 $0
Base Salary $2,850,000 $2,850,000
Signing Bonuses $0 $0
Total Salary $2,850,000 $2,850,000
Minors Salary $2,850,000 $2,850,000
Clauses
UFA Year
Buy It Out Buy It Out