Scott Harrington buyout calculator, cap hit impact

Scott Harrington Buyout Cap Implications

Birthdate March 10, 1993

If Scott Harrington 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 28 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 $1,133,333
Remaining base salary
($1,700,000 * 67% buyout multiplier)
.

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

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

Scott Harrington projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,700,000
$1,700,000 $0
Original Cap Hit $1,633,333 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,700,000) ($0)
Annual Buyout Cost $566,667 $566,667
ACTUAL CAP HIT Columbus Blue Jackets logo $500,000 $566,667
Savings $1,133,333 $-566,667

Active Contract

Signing Team Columbus Blue Jackets logo
Signing Date July 5, 2019
Signing Status RFA
Agent Jeff Jackson
Standard Contract | 3 Years $4,899,999 2.00% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $1,633,333 $1,633,333 $1,633,333
UFA
AAV $1,633,333 $1,633,333 $1,633,333
Performance Bonuses $0 $0 $0
Base Salary $1,600,000 $1,600,000 $1,700,000
Signing Bonuses $0 $0 $0
Total Salary $1,600,000 $1,600,000 $1,700,000
Minors Salary $1,600,000 $1,600,000 $1,700,000
Clauses
UFA Year
Buy It Out