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 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 30 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 $666,667
Remaining base salary
($1,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/2 years)

Michal Kempny projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,000,000
$1,000,000 $0
Original Cap Hit $2,500,000 $0
Contract Signing Bonus $1,200,000 $0
Contract Total Salary ($2,200,000) ($0)
Annual Buyout Cost $333,333 $333,333
ACTUAL CAP HIT Washington Capitals logo $1,833,333 $333,333
Savings $666,667 $-333,333

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