Sean Walker buyout calculator, cap hit impact

Sean Walker Buyout Cap Implications

Birthdate November 13, 1994

If Sean Walker was bought out prior to the 2023-2024 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 $2,233,333
Remaining base salary
($3,350,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,116,667
(Total buyout cost/2 years)

Sean Walker projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$3,350,000
$3,350,000 $0
Original Cap Hit $2,650,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,350,000) ($0)
Annual Buyout Cost $1,116,667 $1,116,667
ACTUAL CAP HIT Los Angeles Kings logo $416,667 $1,116,667
Savings $2,233,333 $-1,116,667

Active Contract

Signing Team
Signing Date September 11, 2020
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 4 Years $10,600,000 3.25% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $2,650,000 $2,650,000 $2,650,000 $2,650,000
UFA
AAV $2,650,000 $2,650,000 $2,650,000 $2,650,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,000,000 $2,250,000 $3,000,000 $3,350,000
Signing Bonuses $0 $0 $0 $0
Total Salary $2,000,000 $2,250,000 $3,000,000 $3,350,000
Minors Salary $2,000,000 $2,250,000 $3,000,000 $3,350,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out