Kyle Clifford buyout calculator, cap hit impact

Kyle Clifford Buyout Cap Implications

Birthdate January 13, 1991

If Kyle Clifford 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 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 would be $866,667
Remaining base salary
($1,300,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $433,333
(Total buyout cost/2 years)

Kyle Clifford projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,300,000
$1,300,000 $0
Original Cap Hit $1,000,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,300,000) ($0)
Annual Buyout Cost $433,333 $433,333
ACTUAL CAP HIT Toronto Maple Leafs logo $133,333 $433,333
Savings $866,667 $-433,333

Active Contract

Signing Team St. Louis Blues logo
Signing Date October 11, 2020
Signing Status UFA
Agent Todd Reynolds
Standard Contract | 2 Years $2,000,000 1.23% of cap space
2020-2021 2021-2022
Cap Hit $1,000,000 $1,000,000
UFA
AAV $1,000,000 $1,000,000
Performance Bonuses $0 $0
Base Salary $700,000 $1,300,000
Signing Bonuses $0 $0
Total Salary $700,000 $1,300,000
Minors Salary $700,000 $1,300,000
Clauses
UFA Year
Buy It Out