Xavier Ouellet buyout calculator, cap hit impact

Xavier Ouellet Buyout Cap Implications

Birthdate July 29, 1993

Xavier Ouellet was bought by Detroit Red Wings logo out prior to the 2018-2019 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 was 24 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $433,333
Remaining base salary
($1,300,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $216,667
(Total buyout cost/2 years)

Xavier Ouellet buyout details 2018-2019 season
2018-2019 2019-2020
Remaining Base Salary
$1,300,000
$1,300,000 $0
Original Cap Hit $1,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,300,000) ($0)
Annual Buyout Cost $216,667 $216,667
ACTUAL CAP HIT Detroit Red Wings logo $166,667 $216,667
Savings $1,083,333 $-216,667

Active Contract

Signing Team
Signing Date May 27, 2019
Signing Status RFA
Agent Ian Pulver
Standard Contract | 1 Years $700,000 0.86% of cap space
2019-2020
Cap Hit $700,000
RFA
AAV $700,000
Performance Bonuses $0
Base Salary $700,000
Signing Bonuses $0
Total Salary $700,000
Minors Salary $700,000
Clauses
UFA Year
Buy It Out