Kevin Connauton buyout calculator, cap hit impact

Kevin Connauton Buyout Cap Implications

Birthdate February 23, 1990

If Kevin Connauton was bought out prior to the 2019-2020 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 29 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 $1,000,000
Remaining base salary
($1,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $500,000
(Total buyout cost/2 years)

Kevin Connauton projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$1,500,000
$1,500,000 $0
Original Cap Hit $1,375,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,500,000) ($0)
Annual Buyout Cost $500,000 $500,000
ACTUAL CAP HIT Colorado Avalanche logo $375,000 $500,000
Savings $1,000,000 $-500,000

Active Contract

Signing Team
Signing Date June 27, 2018
Signing Status UFA
Agent Matthew Oates
Standard Contract | 2 Years $2,750,000 1.69% of cap space
2018-2019 2019-2020
Cap Hit $1,375,000 $1,375,000
UFA
AAV $1,375,000 $1,375,000
Performance Bonuses $0 $0
Base Salary $1,250,000 $1,500,000
Signing Bonuses $0 $0
Total Salary $1,250,000 $1,500,000
Minors Salary $1,250,000 $1,500,000
Clauses
UFA Year
Buy It Out