Travis Zajac buyout calculator, cap hit impact

Travis Zajac Buyout Cap Implications

Birthdate May 13, 1985

If Travis Zajac 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 35 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 $3,833,333
Remaining base salary
($5,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,916,667
(Total buyout cost/2 years)

This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Travis Zajac projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$5,750,000
$5,750,000 $0
Original Cap Hit $5,750,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,750,000) ($0)
Annual Buyout Cost $1,916,667 $1,916,667
ACTUAL CAP HIT New York Islanders logo $958,333 $958,333
Savings $1,916,667 $-958,333
ACTUAL CAP HIT New Jersey Devils logo $958,333 $958,333
Savings $1,916,667 $-958,333

Active Contract

Signing Team
Signing Date January 16, 2013
Signing Status UFA
Agent Kurt Overhardt
Standard Contract | 8 Years $46,000,000 7.06% of cap space
2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
UFA
AAV $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $2,500,000 $4,000,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $5,750,000 $5,750,000
Signing Bonuses $1,000,000 $1,000,000 $0 $0 $0 $0 $0 $0
Total Salary $3,500,000 $5,000,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $5,750,000 $5,750,000
Minors Salary $3,500,000 $5,000,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $5,750,000 $5,750,000
Clauses NTC NTC NTC NTC NTC NTC NTC NTC
UFA Year
Buy It Out
* Retained 50% of contract was retained by New Jersey Devils in trade to New York Islanders