MacKenzie Blackwood buyout calculator, cap hit impact

MacKenzie Blackwood Buyout Cap Implications

Birthdate December 9, 1996

If MacKenzie Blackwood 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 24 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 $2,308,333
Remaining base salary
($6,925,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $577,083
(Total buyout cost/4 years)

MacKenzie Blackwood projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$6,925,000
$2,800,000 $4,125,000 $0 $0
Original Cap Hit $2,800,000 $2,800,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,800,000) ($4,125,000) ($0) ($0)
Annual Buyout Cost $577,083 $577,083 $577,083 $577,083
ACTUAL CAP HIT New Jersey Devils logo $577,083 $-747,917 $577,083 $577,083
Savings $2,222,917 $3,547,917 $-577,083 $-577,083

Active Contract

Signing Team
Signing Date December 23, 2020
Signing Status RFA
Agent Todd Reynolds
Standard Contract | 3 Years $8,400,000 3.44% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $2,800,000 $2,800,000 $2,800,000
RFA
AAV $2,800,000 $2,800,000 $2,800,000
Performance Bonuses $0 $0 $0
Base Salary $1,475,000 $2,800,000 $4,125,000
Signing Bonuses $0 $0 $0
Total Salary $1,475,000 $2,800,000 $4,125,000
Minors Salary $1,475,000 $2,800,000 $4,125,000
Clauses
UFA Year
Buy It Out Buy It Out