Karl Alzner buyout calculator, cap hit impact

Karl Alzner Buyout Cap Implications

Birthdate September 24, 1988

If Karl Alzner was bought out prior to the 2020-2021 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 $3,333,333
Remaining base salary
($5,000,000 * 67% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $833,333
(Total buyout cost/4 years)

Karl Alzner projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$5,000,000
$1,500,000 $3,500,000 $0 $0
Original Cap Hit $4,625,000 $4,625,000 $0 $0
Contract Signing Bonus $1,500,000 $0 $0 $0
Contract Total Salary ($3,000,000) ($3,500,000) ($0) ($0)
Annual Buyout Cost $833,333 $833,333 $833,333 $833,333
ACTUAL CAP HIT Montreal Canadiens logo $3,958,333 $1,958,333 $833,333 $833,333
Savings $666,667 $2,666,667 $-833,333 $-833,333

Active Contract

Signing Team
Signing Date July 1, 2017
Signing Status UFA
Agent J.P. Barry
Standard Contract | 5 Years $23,125,000 5.67% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $4,625,000 $4,625,000 $4,625,000 $4,625,000 $4,625,000
UFA
AAV $4,625,000 $4,625,000 $4,625,000 $4,625,000 $4,625,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,000,000 $6,000,000 $4,625,000 $1,500,000 $3,500,000
Signing Bonuses $2,000,000 $0 $0 $1,500,000 $0
Total Salary $6,000,000 $6,000,000 $4,625,000 $3,000,000 $3,500,000
Minors Salary $6,000,000 $6,000,000 $4,625,000 $3,000,000 $3,500,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out