P.K. Subban buyout calculator, cap hit impact

P.K. Subban Buyout Cap Implications

Birthdate May 13, 1989

If P.K. Subban 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 32 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $666,667
(Total buyout cost/2 years)

P.K. Subban projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$2,000,000
$2,000,000 $0
Original Cap Hit $9,000,000 $0
Contract Signing Bonus $6,000,000 $0
Contract Total Salary ($8,000,000) ($0)
Annual Buyout Cost $666,667 $666,667
ACTUAL CAP HIT New Jersey Devils logo $7,666,667 $666,667
Savings $1,333,333 $-666,667

Active Contract

Signing Team
Signing Date August 2, 2014
Signing Status RFA
Agent Mark Guy
Standard Contract | 8 Years $72,000,000 11.04% of cap space
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000
UFA
AAV $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $2,000,000 $2,500,000 $9,000,000 $9,000,000 $10,000,000 $10,000,000 $2,000,000 $2,000,000
Signing Bonuses $5,000,000 $4,500,000 $2,000,000 $2,000,000 $0 $0 $6,000,000 $6,000,000
Total Salary $7,000,000 $7,000,000 $11,000,000 $11,000,000 $10,000,000 $10,000,000 $8,000,000 $8,000,000
Minors Salary $7,000,000 $7,000,000 $11,000,000 $11,000,000 $10,000,000 $10,000,000 $8,000,000 $8,000,000
Clauses
UFA Year
Buy It Out Buy It Out