Jimmy Hayes buyout calculator, cap hit impact

Jimmy Hayes Buyout Cap Implications

Birthdate November 21, 1989

Jimmy Hayes was bought by Boston Bruins logo out prior to the 2017-2018 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 was 27 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $866,667
(Total buyout cost/2 years)

Jimmy Hayes buyout details 2017-2018 season
2017-2018 2018-2019
Remaining Base Salary
$2,600,000
$2,600,000 $0
Original Cap Hit $2,300,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($2,600,000) ($0)
Annual Buyout Cost $866,667 $866,667
ACTUAL CAP HIT Boston Bruins logo $566,667 $866,667
Savings $1,733,333 $-866,667