Nathan Noel buyout calculator, cap hit impact

Nathan Noel Buyout Cap Implications

Birthdate June 21, 1997

If Nathan Noel 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 21 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 $241,667
Remaining base salary
($725,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $120,833
(Total buyout cost/2 years)

Nathan Noel projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$725,000
$725,000 $0
Original Cap Hit $775,833 $0
Contract Signing Bonus $92,500 $0
Contract Total Salary ($817,500) ($0)
Annual Buyout Cost $120,833 $120,833
ACTUAL CAP HIT Chicago Blackhawks logo $171,666 $120,833
Savings $604,167 $-120,833

Active Contract

Signing Team
Signing Date April 27, 2017
Agent Allan Walsh
Entry Level Contract | 3 Years $2,775,000 0.95% of cap space
2017-2018 2018-2019 2019-2020
Cap Hit $775,833 $775,833 $775,833
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $182,500 $157,500 $107,500
Base Salary $650,000 $675,000 $725,000
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $742,500 $767,500 $817,500
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out