Travis Dermott buyout calculator, cap hit impact

Travis Dermott Buyout Cap Implications

Birthdate December 22, 1996

If Travis Dermott 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 23 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 $291,375
Remaining base salary
($874,125 * 33% buyout multiplier)
.

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

Annual buyout cost of $145,688
(Total buyout cost/2 years)

Travis Dermott projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$874,125
$874,125 $0
Original Cap Hit $874,125 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($874,125) ($0)
Annual Buyout Cost $145,688 $145,688
ACTUAL CAP HIT Toronto Maple Leafs logo $145,688 $145,688
Savings $728,438 $-145,688

Active Contract

Signing Team
Signing Date October 23, 2020
Signing Status RFA
Agent Jeff Jackson
Standard Contract | 1 Years $874,125 1.07% of cap space
2020-2021
Cap Hit $874,125
RFA
AAV $874,125
Performance Bonuses $0
Base Salary $874,125
Signing Bonuses $0
Total Salary $874,125
Minors Salary $874,125
Clauses
UFA Year
Buy It Out