Michael McCarron buyout calculator, cap hit impact

Michael McCarron Buyout Cap Implications

Birthdate March 7, 1995

If Michael McCarron 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $116,667
(Total buyout cost/2 years)

Michael McCarron projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$700,000
$700,000 $0
Original Cap Hit $700,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($700,000) ($0)
Annual Buyout Cost $116,667 $116,667
ACTUAL CAP HIT Montreal Canadiens logo $116,667 $116,667
Savings $583,333 $-116,667

Active Contract

Signing Team
Signing Date July 27, 2019
Signing Status RFA
Agent Wade Arnott
Standard Contract | 1 Years $700,000 0.86% of cap space
2019-2020
Cap Hit $700,000
RFA
AAV $700,000
Performance Bonuses $0
Base Salary $700,000
Signing Bonuses $0
Total Salary $700,000
Minors Salary $125,000
Clauses
UFA Year
Buy It Out