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 2021-2022 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 26 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 $4,000,000
Remaining base salary
($6,000,000 * 67% buyout multiplier)
.

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

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

Max Domi projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$6,000,000
$6,000,000 $0
Original Cap Hit $5,300,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($6,000,000) ($0)
Annual Buyout Cost $2,000,000 $2,000,000
ACTUAL CAP HIT Columbus Blue Jackets logo $1,300,000 $2,000,000
Savings $4,000,000 $-2,000,000

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