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 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 26 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 $1,366,667
Remaining base salary
($4,100,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $683,333
(Total buyout cost/2 years)

Will Butcher projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$4,100,000
$4,100,000 $0
Original Cap Hit $3,733,333 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,100,000) ($0)
Annual Buyout Cost $683,333 $683,333
ACTUAL CAP HIT New Jersey Devils logo $316,666 $683,333
Savings $3,416,667 $-683,333

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 Buy It Out