Mason Primeau buyout calculator, cap hit impact

Mason Primeau Buyout Cap Implications

Birthdate July 28, 2001

If Mason Primeau was bought out prior to the 2023-2024 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/2 years)

Mason Primeau projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $825,000 $0
Contract Signing Bonus $65,000 $0
Contract Total Salary ($840,000) ($0)
Annual Buyout Cost $129,167 $129,167
ACTUAL CAP HIT Vegas Golden Knights logo $179,167 $129,167
Savings $645,833 $-129,167

Active Contract

Signing Team
Signing Date May 31, 2021
Entry Level Contract | 3 Years $2,475,000 1.01% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $825,000 $825,000 $825,000
RFA
AAV $825,000 $825,000 $825,000
Performance Bonuses $0 $0 $0
Base Salary $750,000 $750,000 $775,000
Signing Bonuses $70,000 $65,000 $65,000
Total Salary $820,000 $815,000 $840,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out