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 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 22 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 $280,000
Remaining base salary
($840,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $140,000
(Total buyout cost/2 years)

William Bitten projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$840,000
$840,000 $0
Original Cap Hit $840,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($840,000) ($0)
Annual Buyout Cost $140,000 $140,000
ACTUAL CAP HIT St. Louis Blues logo $140,000 $140,000
Savings $700,000 $-140,000

Active Contract

Signing Team Minnesota Wild logo
Signing Date August 7, 2021
Signing Status RFA
Agent Serge Payer
Standard Contract | 1 Years $840,000 1.03% of cap space
2021-2022
Cap Hit $840,000
RFA
AAV $840,000
Performance Bonuses $0
Base Salary $840,000
Signing Bonuses $0
Total Salary $840,000
Minors Salary $75,000
Clauses
UFA Year
Buy It Out