Travis Hamonic buyout calculator, cap hit impact

Travis Hamonic Buyout Cap Implications

Birthdate August 16, 1990

If Travis Hamonic was bought out prior to the 2022-2023 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 32 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 $1,466,667
Remaining base salary
($2,200,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $366,667
(Total buyout cost/4 years)

Travis Hamonic projected buyout 2022-2023 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,200,000
$1,100,000 $1,100,000 $0 $0
Original Cap Hit $1,100,000 $1,100,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,100,000) ($1,100,000) ($0) ($0)
Annual Buyout Cost $366,667 $366,667 $366,667 $366,667
ACTUAL CAP HIT Ottawa Senators logo $366,667 $366,667 $366,667 $366,667
Savings $733,333 $733,333 $-366,667 $-366,667

Active Contract

Signing Team Ottawa Senators logo
Signing Date July 4, 2023
Signing Status UFA
Agent Kevin Epp
Standard Contract | 2 Years $2,200,000 1.32% of cap space
2023-2024 2024-2025
Cap Hit $1,100,000 $1,100,000
UFA
AAV $1,100,000 $1,100,000
Performance Bonuses $0 $0
Base Salary $1,100,000 $1,100,000
Signing Bonuses $0 $0
Total Salary $1,100,000 $1,100,000
Minors Salary $1,100,000 $1,100,000
Clauses NMC NMC
UFA Year
Buy It Out Buy It Out