Thatcher Demko buyout calculator, cap hit impact

Thatcher Demko Buyout Cap Implications

Birthdate December 8, 1995

If Thatcher Demko 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 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 $7,333,333
Remaining base salary
($11,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/4 years)

Thatcher Demko projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$11,000,000
$6,000,000 $5,000,000 $0 $0
Original Cap Hit $5,000,000 $5,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($5,000,000) ($0) ($0)
Annual Buyout Cost $1,833,333 $1,833,333 $1,833,333 $1,833,333
ACTUAL CAP HIT Vancouver Canucks logo $833,333 $1,833,333 $1,833,333 $1,833,333
Savings $4,166,667 $3,166,667 $-1,833,333 $-1,833,333

Active Contract

Signing Team Vancouver Canucks logo
Signing Date March 31, 2021
Signing Status RFA
Agent Jordan Neumann & George Bazos
Standard Contract | 5 Years $25,000,000 6.13% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $2,500,000 $3,500,000 $6,000,000 $6,000,000 $5,000,000
Signing Bonuses $0 $1,000,000 $1,000,000 $0 $0
Total Salary $2,500,000 $4,500,000 $7,000,000 $6,000,000 $5,000,000
Minors Salary $2,500,000 $4,500,000 $7,000,000 $6,000,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out