John Tavares buyout calculator, cap hit impact

John Tavares Buyout Cap Implications

Birthdate September 20, 1990

If John Tavares 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 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 $1,820,000
Remaining base salary
($2,730,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $303,333
(Total buyout cost/6 years)

John Tavares projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,730,000
$910,000 $910,000 $910,000 $0 $0 $0
Original Cap Hit $11,000,000 $11,000,000 $11,000,000 $0 $0 $0
Contract Signing Bonus $7,040,000 $7,040,000 $7,040,000 $0 $0 $0
Contract Total Salary ($7,950,000) ($7,950,000) ($7,950,000) ($0) ($0) ($0)
Annual Buyout Cost $303,333 $303,333 $303,333 $303,333 $303,333 $303,333
ACTUAL CAP HIT Toronto Maple Leafs logo $10,393,333 $10,393,333 $10,393,333 $303,333 $303,333 $303,333
Savings $606,667 $606,667 $606,667 $-303,333 $-303,333 $-303,333

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent Pat Brisson
Standard Contract | 7 Years $77,000,000 13.50% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000
UFA
AAV $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000 $11,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $650,000 $910,000 $910,000 $910,000 $910,000 $910,000 $910,000
Signing Bonuses $15,250,000 $14,990,000 $11,090,000 $8,440,000 $7,040,000 $7,040,000 $7,040,000
Total Salary $15,900,000 $15,900,000 $12,000,000 $9,350,000 $7,950,000 $7,950,000 $7,950,000
Minors Salary $15,900,000 $15,900,000 $12,000,000 $9,350,000 $7,950,000 $7,950,000 $7,950,000
Clauses NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
NMC