Jake Walman buyout calculator, cap hit impact

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Jake Walman Buyout Cap Implications

Birthdate February 20, 1996

If Jake Walman was bought out prior to the 2022-2023 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 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $700,000
Remaining base salary
($1,050,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $350,000
(Total buyout cost/2 years)

Jake Walman projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$1,050,000
$1,050,000 $0
Original Cap Hit $1,050,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,050,000) ($0)
Annual Buyout Cost $350,000 $350,000
ACTUAL CAP HIT Detroit Red Wings logo $350,000 $350,000
Savings $700,000 $-350,000

Active Contract

Signing Team Detroit Red Wings logo
Signing Date August 10, 2022
Signing Status RFA
Agent Wade Arnott
Standard Contract | 1 Years $1,050,000 1.27% of cap space
2022-2023
Cap Hit $1,050,000
UFA
AAV $1,050,000
Performance Bonuses $0
Base Salary $1,050,000
Signing Bonuses $0
Total Salary $1,050,000
Minors Salary $1,050,000
Clauses
UFA Year
Buy It Out