Kenny Agostino buyout calculator, cap hit impact

Kenny Agostino Buyout Cap Implications

Birthdate April 30, 1992

If Kenny Agostino 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 28 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 $483,333
Remaining base salary
($725,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $241,667
(Total buyout cost/2 years)

Kenny Agostino projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$725,000
$725,000 $0
Original Cap Hit $737,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($725,000) ($0)
Annual Buyout Cost $241,667 $241,667
ACTUAL CAP HIT Toronto Maple Leafs logo $254,167 $241,667
Savings $483,333 $-241,667

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Lewis Gross
Standard Contract | 2 Years $1,475,000 0.90% of cap space
2019-2020 2020-2021
Cap Hit $737,500 $737,500
UFA
AAV $737,500 $737,500
Performance Bonuses $0 $0
Base Salary $750,000 $725,000
Signing Bonuses $0 $0
Total Salary $750,000 $725,000
Minors Salary $750,000 $725,000
Clauses
UFA Year
Buy It Out Buy It Out