Jason Dickinson buyout calculator, cap hit impact

Jason Dickinson Buyout Cap Implications

Birthdate July 4, 1995

If Jason Dickinson 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 25 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 $2,483,333
Remaining base salary
($7,450,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $413,889
(Total buyout cost/6 years)

Jason Dickinson projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$7,450,000
$1,500,000 $2,700,000 $3,250,000 $0 $0 $0
Original Cap Hit $2,650,000 $2,650,000 $2,650,000 $0 $0 $0
Contract Signing Bonus $500,000 $0 $0 $0 $0 $0
Contract Total Salary ($2,000,000) ($2,700,000) ($3,250,000) ($0) ($0) ($0)
Annual Buyout Cost $413,889 $413,889 $413,889 $413,889 $413,889 $413,889
ACTUAL CAP HIT Vancouver Canucks logo $1,563,889 $363,889 $-186,111 $413,889 $413,889 $413,889
Savings $1,086,111 $2,286,111 $2,836,111 $-413,889 $-413,889 $-413,889

Active Contract

Signing Team
Signing Date August 14, 2021
Signing Status RFA
Agent Patrick Morris
Standard Contract | 3 Years $7,950,000 3.25% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $2,650,000 $2,650,000 $2,650,000
UFA
AAV $2,650,000 $2,650,000 $2,650,000
Performance Bonuses $0 $0 $0
Base Salary $1,500,000 $2,700,000 $3,250,000
Signing Bonuses $500,000 $0 $0
Total Salary $2,000,000 $2,700,000 $3,250,000
Minors Salary $2,000,000 $2,700,000 $3,250,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out