Mac Hollowell buyout calculator, cap hit impact

Mac Hollowell Buyout Cap Implications

Birthdate September 26, 1998

If Mac Hollowell 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 21 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 $485,000
Remaining base salary
($1,455,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $121,250
(Total buyout cost/4 years)

Mac Hollowell projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,455,000
$705,000 $750,000 $0 $0
Original Cap Hit $799,767 $799,767 $0 $0
Contract Signing Bonus $78,000 $83,300 $0 $0
Contract Total Salary ($783,000) ($833,300) ($0) ($0)
Annual Buyout Cost $121,250 $121,250 $121,250 $121,250
ACTUAL CAP HIT Toronto Maple Leafs logo $216,017 $171,017 $121,250 $121,250
Savings $583,750 $628,750 $-121,250 $-121,250

Active Contract

Signing Team
Signing Date March 7, 2019
Agent Jeff Jackson
Entry Level Contract | 3 Years $2,399,301 0.98% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $799,767 $799,767 $799,767
RFA
AAV $799,767 $799,767 $799,767
Performance Bonuses $0 $0 $0
Base Salary $705,000 $705,000 $750,000
Signing Bonuses $78,000 $78,000 $83,300
Total Salary $783,000 $783,000 $833,300
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out