Sean Kuraly buyout calculator, cap hit impact

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Sean Kuraly Buyout Cap Implications

Birthdate January 20, 1993

If Sean Kuraly was bought out prior to the 2022-2023 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 29 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 $5,666,667
Remaining base salary
($8,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $944,444
(Total buyout cost/6 years)

Sean Kuraly projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$8,500,000
$2,750,000 $3,250,000 $2,500,000 $0 $0 $0
Original Cap Hit $2,500,000 $2,500,000 $2,500,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,750,000) ($3,250,000) ($2,500,000) ($0) ($0) ($0)
Annual Buyout Cost $944,444 $944,444 $944,444 $944,444 $944,444 $944,444
ACTUAL CAP HIT Columbus Blue Jackets logo $694,444 $194,444 $944,444 $944,444 $944,444 $944,444
Savings $1,805,556 $2,305,556 $1,555,556 $-944,444 $-944,444 $-944,444

Active Contract

Signing Team Columbus Blue Jackets logo
Signing Date July 28, 2021
Signing Status UFA
Agent Justin Duberman
Standard Contract | 4 Years $10,000,000 3.03% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $2,500,000 $2,500,000 $2,500,000 $2,500,000
UFA
AAV $2,500,000 $2,500,000 $2,500,000 $2,500,000
Performance Bonuses $0 $0 $0 $0
Base Salary $1,500,000 $2,750,000 $3,250,000 $2,500,000
Signing Bonuses $0 $0 $0 $0
Total Salary $1,500,000 $2,750,000 $3,250,000 $2,500,000
Minors Salary $1,500,000 $2,750,000 $3,250,000 $2,500,000
Clauses NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
No Trade Clause – 2021-22 season; Limited No Trade Clause – starting 2022-23 season - 10 team no trade list