John Carlson buyout calculator, cap hit impact

John Carlson Buyout Cap Implications

Birthdate January 10, 1990

If John Carlson was bought out prior to the 2023-2024 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 33 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 $8,000,000
Remaining base salary
($12,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,333,333
(Total buyout cost/6 years)

John Carlson projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$12,000,000
$4,000,000 $4,000,000 $4,000,000 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $0 $0 $0
Contract Signing Bonus $2,000,000 $2,000,000 $2,000,000 $0 $0 $0
Contract Total Salary ($6,000,000) ($6,000,000) ($6,000,000) ($0) ($0) ($0)
Annual Buyout Cost $1,333,333 $1,333,333 $1,333,333 $1,333,333 $1,333,333 $1,333,333
ACTUAL CAP HIT Washington Capitals logo $5,333,333 $5,333,333 $5,333,333 $1,333,333 $1,333,333 $1,333,333
Savings $2,666,667 $2,666,667 $2,666,667 $-1,333,333 $-1,333,333 $-1,333,333

Active Contract

Signing Team
Signing Date June 25, 2018
Signing Status UFA
Agent Richard Curran
Standard Contract | 8 Years $64,000,000 9.82% 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 Buy It Out Buy It Out Buy It Out