Kevin Hayes buyout calculator, cap hit impact

Kevin Hayes Buyout Cap Implications

Birthdate May 8, 1992

If Kevin Hayes 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 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 $18,166,667
Remaining base salary
($27,250,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $1,816,667
(Total buyout cost/10 years)

Kevin Hayes projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$27,250,000
$9,000,000 $3,750,000 $6,500,000 $4,000,000 $4,000,000 $0 $0 $0 $0 $0
Original Cap Hit $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $3,750,000 $0 $1,250,000 $1,250,000 $0 $0 $0 $0 $0
Contract Total Salary ($9,000,000) ($7,500,000) ($6,500,000) ($5,250,000) ($5,250,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667
ACTUAL CAP HIT Philadelphia Flyers logo $-40,476 $5,209,524 $2,459,524 $4,959,524 $4,959,525 $1,816,667 $1,816,667 $1,816,667 $1,816,667 $1,816,667
Savings $7,183,333 $1,933,333 $4,683,333 $2,183,333 $2,183,333 $-1,816,667 $-1,816,667 $-1,816,667 $-1,816,667 $-1,816,667

Active Contract

Signing Team
Signing Date June 18, 2019
Signing Status UFA
Agent Robert Murray
View Player Profile
Potential Lockout Year
Standard Contract | 7 Years $50,000,000 8.76% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858
UFA
AAV $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $3,750,000 $9,000,000 $3,750,000 $6,500,000 $4,000,000 $4,000,000
Signing Bonuses $5,000,000 $3,750,000 $0 $3,750,000 $0 $1,250,000 $1,250,000
Total Salary $9,000,000 $7,500,000 $9,000,000 $7,500,000 $6,500,000 $5,250,000 $5,250,000
Minors Salary $9,000,000 $7,500,000 $9,000,000 $7,500,000 $6,500,000 $5,250,000 $5,250,000
Clauses NMC NMC NMC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
Modified No Trade: 12 Team No Trade List