Shea Weber buyout calculator, cap hit impact

Shea Weber Buyout Cap Implications

Birthdate August 14, 1985

If Shea Weber was bought out prior to the 2024-2025 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 38 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

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

Shea Weber projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,000,000
$1,000,000 $1,000,000 $0 $0
Original Cap Hit $7,857,143 $7,857,143 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,000,000) ($1,000,000) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT Montreal Canadiens logo $7,190,476 $7,190,476 $333,333 $333,333
Savings $666,667 $666,667 $-333,333 $-333,333

Active Contract

Signing Team
Signing Date July 24, 2012
Signing Status RFA
Agent Jarrett Bousquet
Standard Contract | 14 Years $110,000,000 9.64% of cap space
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143
UFA
AAV $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143 $7,857,143
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $1,000,000 $1,000,000 $1,000,000 $1,000,000 $4,000,000 $4,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $3,000,000 $1,000,000 $1,000,000 $1,000,000
Signing Bonuses $13,000,000 $13,000,000 $13,000,000 $13,000,000 $8,000,000 $8,000,000 $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $14,000,000 $14,000,000 $14,000,000 $14,000,000 $12,000,000 $12,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $3,000,000 $1,000,000 $1,000,000 $1,000,000
Minors Salary $14,000,000 $14,000,000 $14,000,000 $14,000,000 $12,000,000 $12,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $3,000,000 $1,000,000 $1,000,000 $1,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out