MacKenzie Weegar buyout calculator, cap hit impact

MacKenzie Weegar Buyout Cap Implications

Birthdate January 7, 1994

If MacKenzie Weegar 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 27 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 $5,166,667
Remaining base salary
($7,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,291,667
(Total buyout cost/4 years)

MacKenzie Weegar projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$7,750,000
$3,000,000 $4,750,000 $0 $0
Original Cap Hit $3,250,000 $3,250,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($3,000,000) ($4,750,000) ($0) ($0)
Annual Buyout Cost $1,291,667 $1,291,667 $1,291,667 $1,291,667
ACTUAL CAP HIT Florida Panthers logo $1,541,667 $-208,333 $1,291,667 $1,291,667
Savings $1,708,333 $3,458,333 $-1,291,667 $-1,291,667

Active Contract

Signing Team
Signing Date November 6, 2020
Signing Status RFA
Agent Matthew Ebbs
Standard Contract | 3 Years $9,750,000 3.99% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $3,250,000 $3,250,000 $3,250,000
UFA
AAV $3,250,000 $3,250,000 $3,250,000
Performance Bonuses $0 $0 $0
Base Salary $2,000,000 $3,000,000 $4,750,000
Signing Bonuses $0 $0 $0
Total Salary $2,000,000 $3,000,000 $4,750,000
Minors Salary $2,000,000 $3,000,000 $4,750,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out