Kevan Miller buyout calculator, cap hit impact

Kevan Miller Buyout Cap Implications

Birthdate November 15, 1987

If Kevan Miller 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 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 $666,667
Remaining base salary
($1,000,000 * 67% buyout multiplier)
.

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

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

Kevan Miller projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$1,000,000
$1,000,000 $0
Original Cap Hit $1,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,000,000) ($0)
Annual Buyout Cost $333,333 $333,333
ACTUAL CAP HIT Boston Bruins logo $583,333 $333,333
Savings $666,667 $-333,333

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent Peter Fish
Standard Contract | 1 Years $1,250,000 1.53% of cap space
2020-2021
Cap Hit $1,250,000
UFA
AAV $2,000,000
Performance Bonuses $1,000,000
Base Salary $1,000,000
Signing Bonuses $0
Total Salary $1,000,000
Minors Salary $1,000,000
Clauses
UFA Year
Buy It Out
Performance Bonuses: $250K Roster Day 1, $250K 10GP, $125K 20GP, $100K 30GP, $75K 40GP, $200K Playoffs