Kyle Connor buyout calculator, cap hit impact

Kyle Connor Buyout Cap Implications

Birthdate December 9, 1996

If Kyle Connor was bought out prior to the 2020-2021 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 23 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 $14,166,667
Remaining base salary
($42,500,000 * 33% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $1,180,556
(Total buyout cost/12 years)

Kyle Connor projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$42,500,000
$8,000,000 $7,500,000 $5,000,000 $7,500,000 $7,500,000 $7,000,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($8,000,000) ($7,500,000) ($5,000,000) ($7,500,000) ($7,500,000) ($7,000,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556
ACTUAL CAP HIT Winnipeg Jets logo $323,413 $823,413 $3,323,413 $823,413 $823,413 $1,323,414 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556 $1,180,556
Savings $6,819,444 $6,319,444 $3,819,444 $6,319,444 $6,319,444 $5,819,444 $-1,180,556 $-1,180,556 $-1,180,556 $-1,180,556 $-1,180,556 $-1,180,556

Active Contract

Signing Team
Signing Date September 28, 2019
Signing Status RFA
Agent Richard Evans
Standard Contract | 7 Years $50,000,000 8.76% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858
UFA
AAV $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,858
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $7,500,000 $8,000,000 $7,500,000 $5,000,000 $7,500,000 $7,500,000 $7,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $7,500,000 $8,000,000 $7,500,000 $5,000,000 $7,500,000 $7,500,000 $7,000,000
Minors Salary $7,500,000 $8,000,000 $7,500,000 $5,000,000 $7,500,000 $7,500,000 $7,000,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
10 Team No Trade