Paul Cotter buyout calculator, cap hit impact

Paul Cotter Buyout Cap Implications

Birthdate November 16, 1999

If Paul Cotter 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 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 $500,000
Remaining base salary
($1,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/4 years)

Paul Cotter projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,500,000
$750,000 $750,000 $0 $0
Original Cap Hit $760,000 $760,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($750,000) ($750,000) ($0) ($0)
Annual Buyout Cost $125,000 $125,000 $125,000 $125,000
ACTUAL CAP HIT Vegas Golden Knights logo $135,000 $135,000 $125,000 $125,000
Savings $625,000 $625,000 $-125,000 $-125,000

Active Contract

Signing Team
Signing Date December 28, 2018
Agent Keith McKittrick
Entry Level Contract | 3 Years $2,280,000 0.98% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $796,667 $770,000 $760,000 $760,000 $760,000
RFA
AAV $833,333 $806,666 $779,999 $796,667 $796,667
Performance Bonuses $0 $0 $796,667 $20,000 $20,000
Base Salary $0 $0 $700,000 $750,000 $750,000
Signing Bonuses $80,000 $80,000 $80,000 $0 $0
Total Salary $80,000 $80,000 $780,000 $750,000 $750,000
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out