Jean-Luc Foudy buyout calculator, cap hit impact

Jean-Luc Foudy Buyout Cap Implications

Birthdate May 13, 2002

If Jean-Luc Foudy 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 19 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 $785,833
Remaining base salary
($2,357,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $130,972
(Total buyout cost/6 years)

Jean-Luc Foudy projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,357,500
$750,000 $775,000 $832,500 $0 $0 $0
Original Cap Hit $878,333 $878,333 $878,333 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($842,500) ($867,500) ($925,000) ($0) ($0) ($0)
Annual Buyout Cost $130,972 $130,972 $130,972 $130,972 $130,972 $130,972
ACTUAL CAP HIT Colorado Avalanche logo $259,305 $234,305 $176,805 $130,972 $130,972 $130,972
Savings $619,028 $644,028 $701,528 $-130,972 $-130,972 $-130,972

Active Contract

Signing Team Colorado Avalanche logo
Signing Date May 25, 2021
Agent Thane Campbell
Entry Level Contract | 3 Years $2,634,999 1.08% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $878,333 $878,333 $878,333
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $82,500 $57,500 $0
Base Salary $750,000 $775,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $842,500 $867,500 $925,000
Minors Salary $80,000 $80,000 $80,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out