Nick Foligno buyout calculator, cap hit impact

Nick Foligno Buyout Cap Implications

Birthdate October 31, 1987

If Nick Foligno 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 33 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 $4,400,000
Remaining base salary
($6,600,000 * 67% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $1,100,000
(Total buyout cost/4 years)

Nick Foligno projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$6,600,000
$3,800,000 $2,800,000 $0 $0
Original Cap Hit $3,800,000 $3,800,000 $0 $0
Contract Signing Bonus $0 $1,000,000 $0 $0
Contract Total Salary ($3,800,000) ($3,800,000) ($0) ($0)
Annual Buyout Cost $1,100,000 $1,100,000 $1,100,000 $1,100,000
ACTUAL CAP HIT Boston Bruins logo $1,100,000 $2,100,000 $1,100,000 $1,100,000
Savings $2,700,000 $1,700,000 $-1,100,000 $-1,100,000

Active Contract

Signing Team Boston Bruins logo
Signing Date July 28, 2021
Signing Status UFA
Agent Patrick Morris
Standard Contract | 2 Years $7,600,000 4.66% of cap space
2021-2022 2022-2023
Cap Hit $3,800,000 $3,800,000
UFA
AAV $3,800,000 $3,800,000
Performance Bonuses $0 $0
Base Salary $3,800,000 $2,800,000
Signing Bonuses $0 $1,000,000
Total Salary $3,800,000 $3,800,000
Minors Salary $3,800,000 $3,800,000
Clauses NMC M-NTC
UFA Year
Buy It Out Buy It Out
*No Move – 2021-22 season; Modified Trade Clause – 16 team no trade list