Leon Gawanke buyout calculator, cap hit impact

Leon Gawanke Buyout Cap Implications

Birthdate May 31, 1999

If Leon Gawanke 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 22 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 $270,000
Remaining base salary
($810,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $135,000
(Total buyout cost/2 years)

Leon Gawanke projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$810,000
$810,000 $0
Original Cap Hit $810,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($810,000) ($0)
Annual Buyout Cost $135,000 $135,000
ACTUAL CAP HIT Winnipeg Jets logo $135,000 $135,000
Savings $675,000 $-135,000

Active Contract

Signing Team
Signing Date May 23, 2019
Agent Scott Greenspun
Entry Level Contract | 3 Years $2,430,000 0.99% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $810,000 $810,000 $810,000
RFA
AAV $810,000 $810,000 $810,000
Performance Bonuses $0 $0 $0
Base Salary $810,000 $810,000 $810,000
Signing Bonuses $0 $0 $0
Total Salary $810,000 $810,000 $810,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out