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 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 32 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 $1,213,333
Remaining base salary
($1,820,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $303,333
(Total buyout cost/4 years)
John Tavares projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$1,820,000
$910,000
$910,000
$0
$0
Original Cap Hit
$11,000,000
$11,000,000
$0
$0
Contract Signing Bonus
$7,040,000
$7,040,000
$0
$0
Contract Total Salary
($7,950,000)
($7,950,000)
($0)
($0)
Annual Buyout Cost
$303,333
$303,333
$303,333
$303,333
ACTUAL CAP HIT 
$10,393,333
$10,393,333
$303,333
$303,333
Savings
$606,667
$606,667
$-303,333
$-303,333
Birthdate September 20, 1990
If John Tavares 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 32 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 $1,213,333
Remaining base salary
($1,820,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $303,333
(Total buyout cost/4 years)
John Tavares projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $1,820,000 |
$910,000 | $910,000 | $0 | $0 |
| Original Cap Hit | $11,000,000 | $11,000,000 | $0 | $0 |
| Contract Signing Bonus | $7,040,000 | $7,040,000 | $0 | $0 |
| Contract Total Salary | ($7,950,000) | ($7,950,000) | ($0) | ($0) |
| Annual Buyout Cost | $303,333 | $303,333 | $303,333 | $303,333 |
| ACTUAL CAP HIT
|
$10,393,333 | $10,393,333 | $303,333 | $303,333 |
| Savings | $606,667 | $606,667 | $-303,333 | $-303,333 |
Active Contract
Standard Contract | 7 Years $77,000,000 13.17% 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 | |||||||
| NMC | ||||||||