Nick Leddy buyout calculator, cap hit impact

Nick Leddy Buyout Cap Implications

Birthdate March 20, 1991

If Nick Leddy 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 $13,000,000
Remaining base salary
($19,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,166,667
(Total buyout cost/6 years)

Nick Leddy projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$19,500,000
$6,000,000 $6,500,000 $7,000,000 $0 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $5,500,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($6,500,000) ($7,000,000) ($0) ($0) ($0)
Annual Buyout Cost $2,166,667 $2,166,667 $2,166,667 $2,166,667 $2,166,667 $2,166,667
ACTUAL CAP HIT New York Islanders logo $1,666,667 $1,166,667 $666,667 $2,166,667 $2,166,667 $2,166,667
Savings $3,833,333 $4,333,333 $4,833,333 $-2,166,667 $-2,166,667 $-2,166,667

Active Contract

Signing Team
Signing Date February 24, 2015
Signing Status RFA
Agent Neil Sheehy
Standard Contract | 7 Years $38,500,000 6.75% of cap space
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000
Minors Salary $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000
Clauses
UFA Year
Buy It Out Buy It Out