Michael Stone buyout calculator, cap hit impact

Michael Stone Buyout Cap Implications

Birthdate June 7, 1990

Michael Stone was bought by Calgary Flames logo 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 was 28 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $2,333,333
Remaining base salary
($3,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,166,667
(Total buyout cost/2 years)

Michael Stone buyout details 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$3,500,000
$3,500,000 $0
Original Cap Hit $3,500,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,500,000) ($0)
Annual Buyout Cost $1,166,667 $1,166,667
ACTUAL CAP HIT Calgary Flames logo $1,166,667 $1,166,667
Savings $2,333,333 $-1,166,667