Will Butcher buyout calculator, cap hit impact

Will Butcher Buyout Cap Implications

Birthdate January 6, 1995

If Will Butcher 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 25 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 $2,566,667
Remaining base salary
($7,700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $641,667
(Total buyout cost/4 years)

Will Butcher projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$7,700,000
$3,600,000 $4,100,000 $0 $0
Original Cap Hit $3,733,333 $3,733,333 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($3,600,000) ($4,100,000) ($0) ($0)
Annual Buyout Cost $641,667 $641,667 $641,667 $641,667
ACTUAL CAP HIT New Jersey Devils logo $775,000 $275,000 $641,667 $641,667
Savings $2,958,333 $3,458,333 $-641,667 $-641,667

Active Contract

Signing Team
Signing Date July 31, 2019
Signing Status RFA
Agent Brian Bartlett
Standard Contract | 3 Years $11,199,999 4.58% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $3,733,333 $3,733,333 $3,733,333
UFA
AAV $3,733,333 $3,733,333 $3,733,333
Performance Bonuses $0 $0 $0
Base Salary $3,500,000 $3,600,000 $4,100,000
Signing Bonuses $0 $0 $0
Total Salary $3,500,000 $3,600,000 $4,100,000
Minors Salary $3,500,000 $3,600,000 $4,100,000
Clauses
UFA Year
Buy It Out Buy It Out