Ryan McDonagh buyout calculator, cap hit impact

Ryan McDonagh Buyout Cap Implications

Birthdate June 13, 1989

If Ryan McDonagh 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 31 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 $25,900,000
Remaining base salary
($38,850,000 * 67% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $2,158,333
(Total buyout cost/12 years)

Ryan McDonagh projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$38,850,000
$5,460,000 $8,400,000 $5,460,000 $8,400,000 $6,930,000 $4,200,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,460,000) ($8,400,000) ($5,460,000) ($8,400,000) ($6,930,000) ($4,200,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333
ACTUAL CAP HIT Tampa Bay Lightning logo $3,448,333 $508,333 $3,448,333 $508,333 $1,978,333 $4,708,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333 $2,158,333
Savings $3,301,667 $6,241,667 $3,301,667 $6,241,667 $4,771,667 $2,041,667 $-2,158,333 $-2,158,333 $-2,158,333 $-2,158,333 $-2,158,333 $-2,158,333

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent Ben Hankinson
Standard Contract | 7 Years $47,250,000 8.28% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000
UFA
AAV $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $8,400,000 $5,460,000 $8,400,000 $5,460,000 $8,400,000 $6,930,000 $4,200,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $8,400,000 $5,460,000 $8,400,000 $5,460,000 $8,400,000 $6,930,000 $4,200,000
Minors Salary $8,400,000 $5,460,000 $8,400,000 $5,460,000 $8,400,000 $6,930,000 $4,200,000
Clauses NTC NTC NTC NTC NTC NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
2025-26: 12 Team No Trade List