Mark Kastelic buyout calculator, cap hit impact

Mark Kastelic Buyout Cap Implications

Birthdate March 11, 1999

If Mark Kastelic 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 $741,667
Remaining base salary
($2,225,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $123,611
(Total buyout cost/6 years)

Mark Kastelic projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$2,225,000
$725,000 $750,000 $750,000 $0 $0 $0
Original Cap Hit $821,667 $821,667 $821,667 $0 $0 $0
Contract Signing Bonus $80,000 $80,000 $80,000 $0 $0 $0
Contract Total Salary ($805,000) ($830,000) ($830,000) ($0) ($0) ($0)
Annual Buyout Cost $123,611 $123,611 $123,611 $123,611 $123,611 $123,611
ACTUAL CAP HIT Ottawa Senators logo $220,278 $195,278 $195,278 $123,611 $123,611 $123,611
Savings $601,389 $626,389 $626,389 $-123,611 $-123,611 $-123,611

Active Contract

Signing Team
Signing Date April 9, 2020
Agent Scott Bartlett
Entry Level Contract | 3 Years $2,465,001 1.01% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $821,667 $821,667 $821,667
RFA
AAV $821,667 $821,667 $821,667
Performance Bonuses $0 $0 $0
Base Salary $725,000 $750,000 $750,000
Signing Bonuses $80,000 $80,000 $80,000
Total Salary $805,000 $830,000 $830,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out