Kevin Connauton buyout calculator, cap hit impact

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Kevin Connauton Buyout Cap Implications

Birthdate February 23, 1990

If Kevin Connauton was bought out prior to the 2021-2022 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 $1,016,667
Remaining base salary
($1,525,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $254,167
(Total buyout cost/4 years)

Kevin Connauton projected buyout 2021-2022 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$1,525,000
$750,000 $775,000 $0 $0
Original Cap Hit $762,500 $762,500 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($750,000) ($775,000) ($0) ($0)
Annual Buyout Cost $254,167 $254,167 $254,167 $254,167
ACTUAL CAP HIT Philadelphia Flyers logo $266,667 $241,667 $254,167 $254,167
Savings $495,833 $520,833 $-254,167 $-254,167

Active Contract

Signing Team Philadelphia Flyers logo
Signing Date July 13, 2022
Signing Status UFA
Agent Jarrett Bousquet
Standard Contract | 2 Years $1,525,000 0.92% of cap space
2022-2023 2023-2024
Cap Hit $762,500 $762,500
UFA
AAV $762,500 $762,500
Performance Bonuses $0 $0
Base Salary $750,000 $775,000
Signing Bonuses $0 $0
Total Salary $750,000 $775,000
Minors Salary $450,000 $450,000
Clauses
UFA Year
Buy It Out Buy It Out
475K Guaranteed both years