Scott Darling buyout calculator, cap hit impact

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Scott Darling Buyout Cap Implications

Birthdate December 22, 1988

Scott Darling was bought by Florida Panthers logo 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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $4,733,333
Remaining base salary
($7,100,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,183,333
(Total buyout cost/4 years)

Scott Darling buyout details 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$7,100,000
$4,100,000 $3,000,000 $0 $0
Original Cap Hit $4,150,000 $4,150,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,100,000) ($3,000,000) ($0) ($0)
Annual Buyout Cost $1,183,333 $1,183,333 $1,183,333 $1,183,333
ACTUAL CAP HIT Florida Panthers logo $1,233,333 $2,333,333 $1,183,333 $1,183,333
Savings $2,916,667 $1,816,667 $-1,183,333 $-1,183,333