Steve Mason buyout calculator, cap hit impact

Steve Mason Buyout Cap Implications

Birthdate May 29, 1988

Steve Mason was bought by Montreal Canadiens logo out prior to the 2018-2019 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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $2,733,333
Remaining base salary
($4,100,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,366,667
(Total buyout cost/2 years)

Steve Mason buyout details 2018-2019 season
2018-2019 2019-2020
Remaining Base Salary
$4,100,000
$4,100,000 $0
Original Cap Hit $4,100,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,100,000) ($0)
Annual Buyout Cost $1,366,667 $1,366,667
ACTUAL CAP HIT Montreal Canadiens logo $1,366,667 $1,366,667
Savings $2,733,333 $-1,366,667