Parker Kelly buyout calculator, cap hit impact

Parker Kelly Buyout Cap Implications

Birthdate May 14, 1999

If Parker Kelly was bought out prior to the 2020-2021 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 $483,333
Remaining base salary
($1,450,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $120,833
(Total buyout cost/4 years)

Parker Kelly projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,450,000
$700,000 $750,000 $0 $0
Original Cap Hit $726,667 $726,667 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($700,000) ($750,000) ($0) ($0)
Annual Buyout Cost $120,833 $120,833 $120,833 $120,833
ACTUAL CAP HIT Ottawa Senators logo $147,500 $97,500 $120,833 $120,833
Savings $579,167 $629,167 $-120,833 $-120,833

Active Contract

Signing Team
Signing Date September 19, 2017
Agent Allain Roy
Entry Level Contract | 4 Years $2,180,001 0.92% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $746,666 $739,166 $726,667 $726,667 $726,667
RFA
AAV $746,666 $739,166 $726,667 $726,667 $726,667
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $0 $0 $700,000 $700,000 $750,000
Signing Bonuses $30,000 $30,000 $30,000 $0 $0
Total Salary $0 $0 $730,000 $700,000 $750,000
Minors Salary $0 $0 $55,000 $65,000 $65,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out