John Carlson buyout calculator, cap hit impact

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John Carlson Buyout Cap Implications

Birthdate January 10, 1990

If John Carlson 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 31 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 $12,666,667
Remaining base salary
($19,000,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $1,266,667
(Total buyout cost/10 years)

John Carlson projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$19,000,000
$3,000,000 $4,000,000 $4,000,000 $4,000,000 $4,000,000 $0 $0 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $0 $0 $0 $0 $0
Contract Signing Bonus $5,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $0 $0 $0 $0 $0
Contract Total Salary ($8,000,000) ($6,000,000) ($6,000,000) ($6,000,000) ($6,000,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667
ACTUAL CAP HIT Washington Capitals logo $6,266,667 $5,266,667 $5,266,667 $5,266,667 $5,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667
Savings $1,733,333 $2,733,333 $2,733,333 $2,733,333 $2,733,333 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667

Active Contract

Signing Team Washington Capitals logo
Signing Date June 25, 2018
Signing Status UFA
Agent Richard Curran
Standard Contract | 8 Years $64,000,000 9.58% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
UFA
AAV $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $5,500,000 $5,500,000 $6,000,000 $3,000,000 $4,000,000 $4,000,000 $4,000,000 $4,000,000
Signing Bonuses $6,500,000 $6,500,000 $2,000,000 $5,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
Total Salary $12,000,000 $12,000,000 $8,000,000 $8,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Minors Salary $12,000,000 $12,000,000 $8,000,000 $8,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out