Jeremy Helvig buyout calculator, cap hit impact

Jeremy Helvig Buyout Cap Implications

Birthdate May 25, 1997

If Jeremy Helvig 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 23 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $116,667
(Total buyout cost/2 years)

Jeremy Helvig projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$700,000
$700,000 $0
Original Cap Hit $761,666 $0
Contract Signing Bonus $77,500 $0
Contract Total Salary ($777,500) ($0)
Annual Buyout Cost $116,667 $116,667
ACTUAL CAP HIT Carolina Hurricanes logo $178,333 $116,667
Savings $583,333 $-116,667

Active Contract

Signing Team
Signing Date March 27, 2018
Agent Paul Capizzano & Anton Thun
Entry Level Contract | 3 Years $2,284,998 0.93% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $761,666 $761,666 $761,666
RFA
AAV $785,000 $785,000 $785,000
Performance Bonuses $70,000 $0 $0
Base Salary $650,000 $700,000 $700,000
Signing Bonuses $80,000 $77,500 $77,500
Total Salary $730,000 $777,500 $777,500
Minors Salary $67,500 $70,000 $70,000
Clauses
UFA Year
Buy It Out