Thomas Chabot buyout calculator, cap hit impact

Thomas Chabot Buyout Cap Implications

Birthdate January 30, 1997

If Thomas Chabot was bought out prior to the 2021-2022 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 24 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $19,000,000
Remaining base salary
($57,000,000 * 33% buyout multiplier)
.

7 years left in contract.
Buyout applied over 14 years
(2x years remaining on contract)

Annual buyout cost of $1,357,143
(Total buyout cost/14 years)

Thomas Chabot projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 2034-2035
Remaining Base Salary
$57,000,000
$7,000,000 $4,000,000 $8,000,000 $10,000,000 $10,000,000 $10,000,000 $8,000,000 $0 $0 $0 $0 $0 $0 $0
Original Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $0 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($7,000,000) ($4,000,000) ($8,000,000) ($10,000,000) ($10,000,000) ($10,000,000) ($8,000,000) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143
ACTUAL CAP HIT Ottawa Senators logo $2,357,143 $5,357,143 $1,357,143 $-642,857 $-642,857 $-642,857 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143 $1,357,143
Savings $5,642,857 $2,642,857 $6,642,857 $8,642,857 $8,642,857 $8,642,857 $6,642,857 $-1,357,143 $-1,357,143 $-1,357,143 $-1,357,143 $-1,357,143 $-1,357,143 $-1,357,143

Active Contract

Signing Team
Signing Date September 19, 2019
Signing Status RFA
Agent Ian Pulver
Standard Contract | 8 Years $64,000,000 9.82% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Cap Hit $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
UFA
AAV $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000 $8,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $7,000,000 $7,000,000 $4,000,000 $8,000,000 $10,000,000 $10,000,000 $10,000,000 $8,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $7,000,000 $7,000,000 $4,000,000 $8,000,000 $10,000,000 $10,000,000 $10,000,000 $8,000,000
Minors Salary $7,000,000 $7,000,000 $4,000,000 $8,000,000 $10,000,000 $10,000,000 $10,000,000 $8,000,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
10 Team No Trade Clause