Jay Beagle buyout calculator, cap hit impact

Jay Beagle Buyout Cap Implications

Birthdate October 16, 1985

If Jay Beagle 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 33 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 $3,066,667
Remaining base salary
($4,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $511,111
(Total buyout cost/6 years)

Jay Beagle projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$4,600,000
$1,200,000 $2,200,000 $1,200,000 $0 $0 $0
Original Cap Hit $3,000,000 $3,000,000 $3,000,000 $0 $0 $0
Contract Signing Bonus $2,000,000 $0 $1,000,000 $0 $0 $0
Contract Total Salary ($3,200,000) ($2,200,000) ($2,200,000) ($0) ($0) ($0)
Annual Buyout Cost $511,111 $511,111 $511,111 $511,111 $511,111 $511,111
ACTUAL CAP HIT Vancouver Canucks logo $2,311,111 $1,311,111 $2,311,111 $511,111 $511,111 $511,111
Savings $688,889 $1,688,889 $688,889 $-511,111 $-511,111 $-511,111

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent Wade Arnott
Standard Contract | 4 Years $12,000,000 3.68% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $3,000,000 $3,000,000 $3,000,000 $3,000,000
UFA
AAV $3,000,000 $3,000,000 $3,000,000 $3,000,000
Performance Bonuses $0 $0 $0 $0
Base Salary $1,400,000 $1,200,000 $2,200,000 $1,200,000
Signing Bonuses $3,000,000 $2,000,000 $0 $1,000,000
Total Salary $4,400,000 $3,200,000 $2,200,000 $2,200,000
Minors Salary $4,400,000 $3,200,000 $2,200,000 $2,200,000
Clauses
UFA Year
Buy It Out Buy It Out