Logan Thompson buyout calculator, cap hit impact

Logan Thompson Buyout Cap Implications

Birthdate February 25, 1997

If Logan Thompson 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 $483,333
Remaining base salary
($1,450,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $120,833
(Total buyout cost/4 years)

Logan Thompson projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,450,000
$700,000 $750,000 $0 $0
Original Cap Hit $800,000 $800,000 $0 $0
Contract Signing Bonus $75,000 $75,000 $0 $0
Contract Total Salary ($775,000) ($825,000) ($0) ($0)
Annual Buyout Cost $120,833 $120,833 $120,833 $120,833
ACTUAL CAP HIT Vegas Golden Knights logo $220,833 $170,833 $120,833 $120,833
Savings $579,167 $629,167 $-120,833 $-120,833

Active Contract

Signing Team
Signing Date July 13, 2020
Agent Allain Roy
Entry Level Contract | 2 Years $1,600,000 0.98% of cap space
2020-2021 2021-2022
Cap Hit $800,000 $800,000
RFA
AAV $800,000 $800,000
Performance Bonuses $0 $0
Base Salary $700,000 $750,000
Signing Bonuses $75,000 $75,000
Total Salary $775,000 $825,000
Minors Salary $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out