Nick Leddy buyout calculator, cap hit impact

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Nick Leddy Buyout Cap Implications

Birthdate March 20, 1991

If Nick Leddy was bought out prior to the 2024-2025 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 $4,333,333
Remaining base salary
($6,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,083,333
(Total buyout cost/4 years)

Nick Leddy projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$6,500,000
$3,500,000 $3,000,000 $0 $0
Original Cap Hit $4,000,000 $4,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($3,500,000) ($3,000,000) ($0) ($0)
Annual Buyout Cost $1,083,333 $1,083,333 $1,083,333 $1,083,333
ACTUAL CAP HIT St. Louis Blues logo $1,583,333 $2,083,333 $1,083,333 $1,083,333
Savings $2,416,667 $1,916,667 $-1,083,333 $-1,083,333

Active Contract

Signing Team St. Louis Blues logo
Signing Date July 13, 2022
Signing Status UFA
Agent Neil Sheehy
Standard Contract | 4 Years $16,000,000 4.85% of cap space
2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $4,000,000 $4,000,000 $4,000,000 $4,000,000
UFA
AAV $4,000,000 $4,000,000 $4,000,000 $4,000,000
Performance Bonuses $0 $0 $0 $0
Base Salary $5,000,000 $4,500,000 $3,500,000 $3,000,000
Signing Bonuses $0 $0 $0 $0
Total Salary $5,000,000 $4,500,000 $3,500,000 $3,000,000
Minors Salary $5,000,000 $4,500,000 $3,500,000 $3,000,000
Clauses NTC NTC NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
*No Trade Clause (through 2024-25 season); Modified No Trade – commences June 30, 2025 – 16 team trade list