Alex Pietrangelo buyout calculator, cap hit impact

Alex Pietrangelo Buyout Cap Implications

Birthdate January 18, 1990

If Alex Pietrangelo 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 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $17,733,333
Remaining base salary
($26,600,000 * 67% buyout multiplier)
.

7 years left in contract.
Buyout applied over 14 years
(2x years remaining on contract)

Annual buyout cost of $1,266,667
(Total buyout cost/14 years)

Alex Pietrangelo projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034
Remaining Base Salary
$26,600,000
$2,000,000 $2,000,000 $1,000,000 $4,300,000 $4,500,000 $4,000,000 $8,800,000 $0 $0 $0 $0 $0 $0 $0
Original Cap Hit $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $0 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $3,000,000 $3,000,000 $7,000,000 $8,000,000 $8,000,000 $6,000,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,000,000) ($5,000,000) ($8,000,000) ($12,300,000) ($12,500,000) ($10,000,000) ($8,800,000) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667
ACTUAL CAP HIT Vegas Golden Knights logo $8,066,667 $8,066,667 $9,066,667 $5,766,667 $5,566,667 $6,066,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667 $1,266,667
Savings $733,333 $733,333 $-266,667 $3,033,333 $3,233,333 $2,733,333 $7,533,333 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667 $-1,266,667

Active Contract

Signing Team
Signing Date October 12, 2020
Signing Status UFA
Agent Mark Guy
Standard Contract | 7 Years $61,600,000 10.80% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000
UFA
AAV $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $2,000,000 $2,000,000 $1,000,000 $4,300,000 $4,500,000 $4,000,000 $8,800,000
Signing Bonuses $3,000,000 $3,000,000 $7,000,000 $8,000,000 $8,000,000 $6,000,000 $0
Total Salary $5,000,000 $5,000,000 $8,000,000 $12,300,000 $12,500,000 $10,000,000 $8,800,000
Minors Salary $5,000,000 $5,000,000 $8,000,000 $12,300,000 $12,500,000 $10,000,000 $8,800,000
Clauses NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out