Zdeno Chara buyout calculator, cap hit impact

Zdeno Chara Buyout Cap Implications

Birthdate March 18, 1977

If Zdeno Chara was bought out prior to the 2020-2021 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Over 35 contracts are applied at 100% of the value over the exact years left.

He would be 43 years old at the buyout giving him a 100% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $795,000
Remaining base salary
($795,000 * 100% buyout multiplier)
.

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

Annual buyout cost of $795,000
(Total buyout cost/1 years)

Zdeno Chara projected buyout 2020-2021 season
2020-2021
Remaining Base Salary
$795,000
$795,000
Original Cap Hit $795,000
Contract Signing Bonus $0
Contract Total Salary ($795,000)
Annual Buyout Cost $795,000
ACTUAL CAP HIT Washington Capitals logo $795,000
Savings $0

Active Contract

Signing Team
Signing Date December 30, 2020
Signing Status UFA
Agent Matt Keator
Standard Contract | 1 Years $795,000 0.98% of cap space
2020-2021
Cap Hit $795,000
UFA
AAV $1,525,000
Performance Bonuses $730,000
Base Salary $795,000
Signing Bonuses $0
Total Salary $795,000
Minors Salary $795,000
Clauses NMC
UFA Year
Buy It Out
$230,000 at 10 games played; $250,000 if Club makes playoffs; $250,000 if Club wins Stanley Cup