Marian Gaborik buyout calculator, cap hit impact

Marian Gaborik Buyout Cap Implications

Birthdate February 14, 1982

If Marian Gaborik 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 38 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 $2,050,000
Remaining base salary
($3,075,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,025,000
(Total buyout cost/2 years)

Marian Gaborik projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,075,000
$3,075,000 $0
Original Cap Hit $4,875,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,075,000) ($0)
Annual Buyout Cost $1,025,000 $1,025,000
ACTUAL CAP HIT Ottawa Senators logo $2,825,000 $1,025,000
Savings $2,050,000 $-1,025,000

Active Contract

Signing Team
Signing Date June 26, 2014
Signing Status UFA
Agent Ron Salcer
Standard Contract | 7 Years $34,125,000 5.98% of cap space
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000
UFA
AAV $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000 $4,875,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $5,075,000 $6,075,000 $6,075,000 $5,075,000 $4,575,000 $3,175,000 $3,075,000
Signing Bonuses $1,000,000 $0 $0 $0 $0 $0 $0
Total Salary $6,075,000 $6,075,000 $6,075,000 $5,075,000 $4,575,000 $3,175,000 $3,075,000
Minors Salary $6,075,000 $6,075,000 $6,075,000 $5,075,000 $4,575,000 $3,175,000 $3,075,000
Clauses
UFA Year
Buy It Out