Jimmy Huntington buyout calculator, cap hit impact

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Jimmy Huntington Buyout Cap Implications

Birthdate November 18, 1998

If Jimmy Huntington was bought out prior to the 2022-2023 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 $250,000
Remaining base salary
($750,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/2 years)

Jimmy Huntington projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$750,000
$750,000 $0
Original Cap Hit $750,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($750,000) ($0)
Annual Buyout Cost $125,000 $125,000
ACTUAL CAP HIT Nashville Predators logo $125,000 $125,000
Savings $625,000 $-125,000

Active Contract

Signing Team Nashville Predators logo
Signing Date July 11, 2022
Signing Status RFA
Agent Paul Corbeil
Standard Contract | 1 Years $750,000 0.91% of cap space
2022-2023
Cap Hit $750,000
RFA
AAV $750,000
Performance Bonuses $0
Base Salary $750,000
Signing Bonuses $0
Total Salary $750,000
Minors Salary $80,000
Clauses
UFA Year
Buy It Out