Michal Kempny buyout calculator, cap hit impact

Michal Kempny Buyout Cap Implications

Birthdate September 8, 1990

If Michal Kempny 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 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 would be $2,533,333
Remaining base salary
($3,800,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $422,222
(Total buyout cost/6 years)

Michal Kempny projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$3,800,000
$1,000,000 $1,800,000 $1,000,000 $0 $0 $0
Original Cap Hit $2,500,000 $2,500,000 $2,500,000 $0 $0 $0
Contract Signing Bonus $1,700,000 $0 $1,200,000 $0 $0 $0
Contract Total Salary ($2,700,000) ($1,800,000) ($2,200,000) ($0) ($0) ($0)
Annual Buyout Cost $422,222 $422,222 $422,222 $422,222 $422,222 $422,222
ACTUAL CAP HIT Washington Capitals logo $1,922,222 $1,122,222 $1,922,222 $422,222 $422,222 $422,222
Savings $577,778 $1,377,778 $577,778 $-422,222 $-422,222 $-422,222

Active Contract

Signing Team
Signing Date June 29, 2018
Signing Status UFA
Agent J.P. Barry
Standard Contract | 4 Years $10,000,000 3.07% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $2,500,000 $2,500,000 $2,500,000 $2,500,000
UFA
AAV $2,500,000 $2,500,000 $2,500,000 $2,500,000
Performance Bonuses $0 $0 $0 $0
Base Salary $1,000,000 $1,000,000 $1,800,000 $1,000,000
Signing Bonuses $2,300,000 $1,700,000 $0 $1,200,000
Total Salary $3,300,000 $2,700,000 $1,800,000 $2,200,000
Minors Salary $3,300,000 $2,700,000 $1,800,000 $2,200,000
Clauses
UFA Year
Buy It Out Buy It Out