Kevin Shattenkirk buyout calculator, cap hit impact

Kevin Shattenkirk Buyout Cap Implications

Birthdate January 29, 1989

Kevin Shattenkirk was bought by New York Rangers logo 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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $5,733,333
Remaining base salary
($8,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,433,333
(Total buyout cost/4 years)

Kevin Shattenkirk buyout details 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$8,600,000
$6,600,000 $2,000,000 $0 $0
Original Cap Hit $6,650,000 $6,650,000 $0 $0
Contract Signing Bonus $0 $2,000,000 $0 $0
Contract Total Salary ($6,600,000) ($4,000,000) ($0) ($0)
Annual Buyout Cost $1,433,333 $1,433,333 $1,433,333 $1,433,333
ACTUAL CAP HIT New York Rangers logo $1,483,333 $6,083,333 $1,433,333 $1,433,333
Savings $5,166,667 $566,667 $-1,433,333 $-1,433,333

Active Contract

Signing Team
Signing Date August 5, 2019
Signing Status UFA
Agent Jordan Neumann
Standard Contract | 1 Years $1,750,000 2.15% of cap space
2019-2020
Cap Hit $1,750,000
UFA
AAV $1,750,000
Performance Bonuses $0
Base Salary $1,750,000
Signing Bonuses $0
Total Salary $1,750,000
Minors Salary $1,750,000
Clauses NTC
UFA Year
Buy It Out