Michael Bunting buyout calculator, cap hit impact

Michael Bunting Buyout Cap Implications

Birthdate September 17, 1995

If Michael Bunting 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 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 $633,333
Remaining base salary
($1,900,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $158,333
(Total buyout cost/4 years)

Michael Bunting projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,900,000
$750,000 $1,150,000 $0 $0
Original Cap Hit $950,000 $950,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($750,000) ($1,150,000) ($0) ($0)
Annual Buyout Cost $158,333 $158,333 $158,333 $158,333
ACTUAL CAP HIT Toronto Maple Leafs logo $358,333 $-41,667 $158,333 $158,333
Savings $591,667 $991,667 $-158,333 $-158,333

Active Contract

Signing Team Toronto Maple Leafs logo
Signing Date July 28, 2021
Signing Status UFA
Agent Paul Capizzano
Standard Contract | 2 Years $1,900,000 1.17% of cap space
2021-2022 2022-2023
Cap Hit $950,000 $950,000
UFA
AAV $950,000 $950,000
Performance Bonuses $0 $0
Base Salary $750,000 $1,150,000
Signing Bonuses $0 $0
Total Salary $750,000 $1,150,000
Minors Salary $750,000 $1,150,000
Clauses
UFA Year
Buy It Out Buy It Out