Kody Clark buyout calculator, cap hit impact

Kody Clark Buyout Cap Implications

Birthdate October 13, 1999

If Kody Clark 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 19 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $777,500
Remaining base salary
($2,332,500 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $129,583
(Total buyout cost/6 years)

Kody Clark projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,332,500
$700,000 $800,000 $832,500 $0 $0 $0
Original Cap Hit $839,167 $839,167 $839,167 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $0 $0 $0 $0
Contract Total Salary ($792,500) ($892,500) ($832,500) ($0) ($0) ($0)
Annual Buyout Cost $129,583 $129,583 $129,583 $129,583 $129,583 $129,583
ACTUAL CAP HIT Washington Capitals logo $268,750 $168,750 $136,250 $129,583 $129,583 $129,583
Savings $570,417 $670,417 $702,917 $-129,583 $-129,583 $-129,583

Active Contract

Signing Team
Signing Date October 22, 2018
Agent Wade Arnott
Entry Level Contract | 3 Years $2,517,501 1.07% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $870,000 $839,167 $839,167 $839,167
RFA
AAV $925,000 $894,167 $894,167 $894,167
Performance Bonuses $0 $132,500 $32,500 $0
Base Salary $0 $700,000 $800,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $92,500 $792,500 $892,500 $832,500
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out