Kris Letang buyout calculator, cap hit impact
Kris Letang Buyout Cap Implications
Birthdate April 24, 1987
If Kris Letang 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 35 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 $20,400,000
Remaining base salary
($30,600,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $1,700,000
(Total buyout cost/12 years)
Kris Letang projected buyout 2021-2022 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
2032-2033
2033-2034
Remaining Base Salary
$30,600,000
$4,000,000
$8,000,000
$6,200,000
$4,800,000
$3,800,000
$3,800,000
$0
$0
$0
$0
$0
$0
Original Cap Hit
$6,100,000
$6,100,000
$6,100,000
$6,100,000
$6,100,000
$6,100,000
$0
$0
$0
$0
$0
$0
Contract Signing Bonus
$4,000,000
$0
$0
$0
$1,000,000
$1,000,000
$0
$0
$0
$0
$0
$0
Contract Total Salary
($8,000,000)
($8,000,000)
($6,200,000)
($4,800,000)
($4,800,000)
($4,800,000)
($0)
($0)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
ACTUAL CAP HIT 
$3,800,000
$-200,000
$1,600,000
$3,000,000
$4,000,000
$4,000,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
$1,700,000
Savings
$2,300,000
$6,300,000
$4,500,000
$3,100,000
$2,100,000
$2,100,000
$-1,700,000
$-1,700,000
$-1,700,000
$-1,700,000
$-1,700,000
$-1,700,000
Birthdate April 24, 1987
If Kris Letang 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 35 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 $20,400,000
Remaining base salary
($30,600,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $1,700,000
(Total buyout cost/12 years)
Kris Letang projected buyout 2021-2022 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | 2031-2032 | 2032-2033 | 2033-2034 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $30,600,000 |
$4,000,000 | $8,000,000 | $6,200,000 | $4,800,000 | $3,800,000 | $3,800,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $4,000,000 | $0 | $0 | $0 | $1,000,000 | $1,000,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($8,000,000) | ($8,000,000) | ($6,200,000) | ($4,800,000) | ($4,800,000) | ($4,800,000) | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 |
| ACTUAL CAP HIT
|
$3,800,000 | $-200,000 | $1,600,000 | $3,000,000 | $4,000,000 | $4,000,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 | $1,700,000 |
| Savings | $2,300,000 | $6,300,000 | $4,500,000 | $3,100,000 | $2,100,000 | $2,100,000 | $-1,700,000 | $-1,700,000 | $-1,700,000 | $-1,700,000 | $-1,700,000 | $-1,700,000 |
Active Contract
Standard Contract | 6 Years $36,600,000 7.39% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | ||
|---|---|---|---|---|---|---|---|
| Cap Hit | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | UFA |
| AAV | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | $6,100,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $4,000,000 | $8,000,000 | $6,200,000 | $4,800,000 | $3,800,000 | $3,800,000 | |
| Signing Bonuses | $4,000,000 | $0 | $0 | $0 | $1,000,000 | $1,000,000 | |
| Total Salary | $8,000,000 | $8,000,000 | $6,200,000 | $4,800,000 | $4,800,000 | $4,800,000 | |
| Minors Salary | $8,000,000 | $8,000,000 | $6,200,000 | $4,800,000 | $4,800,000 | $4,800,000 | |
| Clauses | NMC | NMC | NMC | NMC | M-NTC
NMC |
M-NTC
NMC |
|
| UFA Year | |||||||
| Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | ||
| 10 Team Approved Trade List Years 5 & 6 | |||||||