Quinn Hughes buyout calculator, cap hit impact

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Quinn Hughes Buyout Cap Implications

Birthdate October 14, 1999

If Quinn Hughes 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 24 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 $9,333,333
Remaining base salary
($28,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $1,555,556
(Total buyout cost/6 years)

Quinn Hughes projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030
Remaining Base Salary
$28,000,000
$9,500,000 $10,250,000 $8,250,000 $0 $0 $0
Original Cap Hit $7,850,000 $7,850,000 $7,850,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($9,500,000) ($10,250,000) ($8,250,000) ($0) ($0) ($0)
Annual Buyout Cost $1,555,556 $1,555,556 $1,555,556 $1,555,556 $1,555,556 $1,555,556
ACTUAL CAP HIT Vancouver Canucks logo $-94,444 $-844,444 $1,155,556 $1,555,556 $1,555,556 $1,555,556
Savings $7,944,444 $8,694,444 $6,694,444 $-1,555,556 $-1,555,556 $-1,555,556

Active Contract

Signing Team Vancouver Canucks logo
Signing Date October 1, 2021
Signing Status RFA
Agent Pat Brisson
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $47,100,000 9.40% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $7,850,000 $7,850,000 $7,850,000 $7,850,000 $7,850,000 $7,850,000
UFA
AAV $7,850,000 $7,850,000 $7,850,000 $7,850,000 $7,850,000 $7,850,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $6,500,000 $8,600,000 $9,500,000 $10,250,000 $8,250,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $4,000,000 $6,500,000 $8,600,000 $9,500,000 $10,250,000 $8,250,000
Minors Salary $4,000,000 $6,500,000 $8,600,000 $9,500,000 $10,250,000 $8,250,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out