Max Domi buyout calculator, cap hit impact

Max Domi Buyout Cap Implications

Birthdate March 2, 1995

If Max Domi was bought out prior to the 2019-2020 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 $966,667
Remaining base salary
($2,900,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $483,333
(Total buyout cost/2 years)

Max Domi projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$2,900,000
$2,900,000 $0
Original Cap Hit $3,150,000 $0
Contract Signing Bonus $250,000 $0
Contract Total Salary ($3,150,000) ($0)
Annual Buyout Cost $483,333 $483,333
ACTUAL CAP HIT Montreal Canadiens logo $733,333 $483,333
Savings $2,416,667 $-483,333

Active Contract

Signing Team
Signing Date June 16, 2018
Signing Status RFA
Agent Pat Brisson
Standard Contract | 2 Years $6,300,000 3.87% of cap space
2018-2019 2019-2020
Cap Hit $3,150,000 $3,150,000
RFA
AAV $3,150,000 $3,150,000
Performance Bonuses $0 $0
Base Salary $2,900,000 $2,900,000
Signing Bonuses $250,000 $250,000
Total Salary $3,150,000 $3,150,000
Minors Salary $3,150,000 $3,150,000
Clauses
UFA Year
Buy It Out