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 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 25 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 $3,533,333
Remaining base salary
($10,600,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $883,333
(Total buyout cost/4 years)

Max Domi projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$10,600,000
$4,600,000 $6,000,000 $0 $0
Original Cap Hit $5,300,000 $5,300,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,600,000) ($6,000,000) ($0) ($0)
Annual Buyout Cost $883,333 $883,333 $883,333 $883,333
ACTUAL CAP HIT Columbus Blue Jackets logo $1,583,333 $183,333 $883,333 $883,333
Savings $3,716,667 $5,116,667 $-883,333 $-883,333

Active Contract

Signing Team
Signing Date October 7, 2020
Signing Status RFA
Agent Darren Ferris
Standard Contract | 2 Years $10,600,000 6.50% of cap space
2020-2021 2021-2022
Cap Hit $5,300,000 $5,300,000
UFA
AAV $5,300,000 $5,300,000
Performance Bonuses $0 $0
Base Salary $4,600,000 $6,000,000
Signing Bonuses $0 $0
Total Salary $4,600,000 $6,000,000
Minors Salary $4,600,000 $6,000,000
Clauses
UFA Year
Buy It Out Buy It Out