William Bitten buyout calculator, cap hit impact

William Bitten Buyout Cap Implications

Birthdate July 10, 1998

If William Bitten 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 21 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 $266,667
Remaining base salary
($800,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $133,333
(Total buyout cost/2 years)

William Bitten projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$800,000
$800,000 $0
Original Cap Hit $805,000 $0
Contract Signing Bonus $80,000 $0
Contract Total Salary ($880,000) ($0)
Annual Buyout Cost $133,333 $133,333
ACTUAL CAP HIT Minnesota Wild logo $138,333 $133,333
Savings $666,667 $-133,333

Active Contract

Signing Team
Signing Date March 7, 2018
Agent Serge Payer
Entry Level Contract | 3 Years $2,415,000 0.99% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $805,000 $805,000 $805,000
RFA
AAV $910,000 $910,000 $910,000
Performance Bonuses $182,500 $132,500 $0
Base Salary $650,000 $700,000 $800,000
Signing Bonuses $92,500 $92,500 $80,000
Total Salary $742,500 $792,500 $880,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out