Logan Couture buyout calculator, cap hit impact

Logan Couture Buyout Cap Implications

Birthdate March 28, 1989

If Logan Couture was bought out prior to the 2023-2024 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 $18,666,667
Remaining base salary
($28,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $2,333,333
(Total buyout cost/8 years)

Logan Couture projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$28,000,000
$8,000,000 $7,000,000 $7,000,000 $6,000,000 $0 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($8,000,000) ($7,000,000) ($7,000,000) ($6,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,333,333 $2,333,333 $2,333,333 $2,333,333 $2,333,333 $2,333,333 $2,333,333 $2,333,333
ACTUAL CAP HIT San Jose Sharks logo $2,333,333 $3,333,333 $3,333,333 $4,333,333 $2,333,333 $2,333,333 $2,333,333 $2,333,333
Savings $5,666,667 $4,666,667 $4,666,667 $3,666,667 $-2,333,333 $-2,333,333 $-2,333,333 $-2,333,333

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent John Thornton
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $64,000,000 9.82% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
UFA
AAV $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $6,000,000 $4,000,000 $6,000,000 $4,000,000 $8,000,000 $7,000,000 $7,000,000 $6,000,000
Signing Bonuses $4,000,000 $5,000,000 $3,000,000 $4,000,000 $0 $0 $0 $0
Total Salary $10,000,000 $9,000,000 $9,000,000 $8,000,000 $8,000,000 $7,000,000 $7,000,000 $6,000,000
Minors Salary $1,000,000 $9,000,000 $9,000,000 $8,000,000 $8,000,000 $7,000,000 $7,000,000 $6,000,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
3 Team NTC