Alexander Steen buyout calculator, cap hit impact


Alexander Steen Buyout Cap Implications

Birthdate March 1, 1984

If Alexander Steen was bought out prior to the 2019-2020 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 35 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 $6,000,000
Remaining base salary
($9,000,000 * 67% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $1,500,000
(Total buyout cost/4 years)

Alexander Steen projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$9,000,000
$5,500,000 $3,500,000 $0 $0
Original Cap Hit $5,750,000 $5,750,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,500,000) ($3,500,000) ($0) ($0)
Annual Buyout Cost $1,500,000 $1,500,000 $1,500,000 $1,500,000
ACTUAL CAP HIT St. Louis Blues logo $1,750,000 $3,750,000 $1,500,000 $1,500,000
Savings $4,000,000 $2,000,000 $-1,500,000 $-1,500,000

Active Contract

Signing Team
Signing Date September 23, 2016
Signing Status UFA
Agent Ben Hankinson
Standard Contract | 4 Years $23,000,000 7.06% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000
UFA
AAV $5,750,000 $5,750,000 $5,750,000 $5,750,000
Performance Bonuses $0 $0 $0 $0
Base Salary $7,000,000 $7,000,000 $5,500,000 $3,500,000
Signing Bonuses $0 $0 $0 $0
Total Salary $7,000,000 $7,000,000 $5,500,000 $3,500,000
Minors Salary $7,000,000 $7,000,000 $5,500,000 $3,500,000
Clauses NTC NTC NTC NTC
UFA Year
Buy It Out Buy It Out