Anders Lee buyout calculator, cap hit impact

Anders Lee Buyout Cap Implications

Birthdate July 3, 1990

If Anders Lee was bought out prior to the 2024-2025 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 33 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 $6,900,000
Remaining base salary
($10,350,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,725,000
(Total buyout cost/4 years)

Anders Lee projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$10,350,000
$5,850,000 $4,500,000 $0 $0
Original Cap Hit $7,000,000 $7,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,850,000) ($4,500,000) ($0) ($0)
Annual Buyout Cost $1,725,000 $1,725,000 $1,725,000 $1,725,000
ACTUAL CAP HIT New York Islanders logo $2,875,000 $4,225,000 $1,725,000 $1,725,000
Savings $4,125,000 $2,775,000 $-1,725,000 $-1,725,000

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Neil Sheehy
View Player Profile
Potential Lockout Year
Standard Contract | 7 Years $49,000,000 8.59% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000
UFA
AAV $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $6,000,000 $5,850,000 $9,000,000 $5,850,000 $8,950,000 $5,850,000 $4,500,000
Signing Bonuses $3,000,000 $0 $0 $0 $0 $0 $0
Total Salary $9,000,000 $5,850,000 $9,000,000 $5,850,000 $8,950,000 $5,850,000 $4,500,000
Minors Salary $9,000,000 $5,850,000 $9,000,000 $5,850,000 $8,950,000 $5,850,000 $4,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out