Ryan Callahan buyout calculator, cap hit impact

Ryan Callahan Buyout Cap Implications

Birthdate March 21, 1985

If Ryan Callahan was bought out prior to the 2019-2020 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 34 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 $3,133,333
Remaining base salary
($4,700,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,566,667
(Total buyout cost/2 years)

Ryan Callahan projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$4,700,000
$4,700,000 $0
Original Cap Hit $5,800,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,700,000) ($0)
Annual Buyout Cost $1,566,667 $1,566,667
ACTUAL CAP HIT Ottawa Senators logo $2,666,667 $1,566,667
Savings $3,133,333 $-1,566,667

Active Contract

Signing Team
Signing Date June 25, 2014
Signing Status UFA
Agent Stephen Bartlett
Standard Contract | 6 Years $34,800,000 7.12% of cap space
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Cap Hit $5,800,000 $5,800,000 $5,800,000 $5,800,000 $5,800,000 $5,800,000
UFA
AAV $5,800,000 $5,800,000 $5,800,000 $5,800,000 $5,800,000 $5,800,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $6,000,000 $6,400,000 $6,500,000 $6,500,000 $4,700,000 $4,700,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $6,000,000 $6,400,000 $6,500,000 $6,500,000 $4,700,000 $4,700,000
Minors Salary $6,000,000 $6,400,000 $6,500,000 $6,500,000 $4,700,000 $4,700,000
Clauses NMC NMC NMC NMC M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out