Jonathan Drouin buyout calculator, cap hit impact

Jonathan Drouin Buyout Cap Implications

Birthdate March 28, 1995

If Jonathan Drouin 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 27 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 $3,666,667
Remaining base salary
($5,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/2 years)

Jonathan Drouin projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$5,500,000
$5,500,000 $0
Original Cap Hit $5,500,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,500,000) ($0)
Annual Buyout Cost $1,833,333 $1,833,333
ACTUAL CAP HIT Montreal Canadiens logo $1,833,333 $1,833,333
Savings $3,666,667 $-1,833,333

Active Contract

Signing Team
Signing Date June 15, 2017
Signing Status RFA
Agent Allan Walsh
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $33,000,000 6.75% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $5,500,000 $5,500,000 $5,500,000 $2,500,000 $5,500,000 $5,500,000
Signing Bonuses $1,000,000 $0 $0 $2,000,000 $0 $0
Total Salary $6,500,000 $5,500,000 $5,500,000 $4,500,000 $5,500,000 $5,500,000
Minors Salary $6,500,000 $5,500,000 $5,500,000 $4,500,000 $5,500,000 $5,500,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out