Simon Despres buyout calculator, cap hit impact

Simon Despres Buyout Cap Implications

Birthdate July 27, 1991

If Simon Despres was bought out prior to the 2020-2021 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 $2,266,667
Remaining base salary
($3,400,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,133,333
(Total buyout cost/2 years)

Simon Despres projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,400,000
$3,400,000 $0
Original Cap Hit $3,700,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,400,000) ($0)
Annual Buyout Cost $1,133,333 $1,133,333
ACTUAL CAP HIT $1,433,333 $1,133,333
Savings $2,266,667 $-1,133,333

Active Contract

Signing Team
Signing Date October 9, 2015
Standard Contract | 5 Years $18,500,000 4.54% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $3,700,000 $3,700,000 $3,700,000 $3,700,000 $3,700,000
UFA
AAV $3,700,000 $3,700,000 $3,700,000 $3,700,000 $3,700,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $2,600,000 $3,100,000 $4,700,000 $4,700,000 $3,400,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $2,600,000 $3,100,000 $4,700,000 $4,700,000 $3,400,000
Minors Salary $2,600,000 $3,100,000 $4,700,000 $4,700,000 $3,400,000
Clauses
UFA Year
Buy It Out