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 34 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 $4,833,333
Remaining base salary
($7,250,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $2,416,667
(Total buyout cost/2 years)
Kris Letang projected buyout 2021-2022 season
2021-2022
2022-2023
Remaining Base Salary
$7,250,000
$7,250,000
$0
Original Cap Hit
$7,250,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($7,250,000)
($0)
Annual Buyout Cost
$2,416,667
$2,416,667
ACTUAL CAP HIT 
$2,416,667
$2,416,667
Savings
$4,833,333
$-2,416,667
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 34 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 $4,833,333
Remaining base salary
($7,250,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $2,416,667
(Total buyout cost/2 years)
Kris Letang projected buyout 2021-2022 season
| 2021-2022 | 2022-2023 | |
|---|---|---|
| Remaining Base Salary $7,250,000 |
$7,250,000 | $0 |
| Original Cap Hit | $7,250,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($7,250,000) | ($0) |
| Annual Buyout Cost | $2,416,667 | $2,416,667 |
| ACTUAL CAP HIT
|
$2,416,667 | $2,416,667 |
| Savings | $4,833,333 | $-2,416,667 |
Active Contract
Standard Contract | 8 Years $58,000,000 8.90% of cap space
| 2014-2015 | 2015-2016 | 2016-2017 | 2017-2018 | 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | ||
|---|---|---|---|---|---|---|---|---|---|
| Cap Hit | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | UFA |
| AAV | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | |
| Minors Salary | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | $7,250,000 | |
| Clauses | M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
M-NTC
NMC |
|
| UFA Year | |||||||||
| Buy It Out | |||||||||