Ben Bishop buyout calculator, cap hit impact

Ben Bishop Buyout Cap Implications

Birthdate November 21, 1986

If Ben Bishop was bought out prior to the 2022-2023 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 $1,666,667
Remaining base salary
($2,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $833,333
(Total buyout cost/2 years)

Ben Bishop projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$2,500,000
$2,500,000 $0
Original Cap Hit $4,916,667 $0
Contract Signing Bonus $1,000,000 $0
Contract Total Salary ($3,500,000) ($0)
Annual Buyout Cost $833,333 $833,333
ACTUAL CAP HIT Dallas Stars logo $3,250,000 $833,333
Savings $1,666,667 $-833,333

Active Contract

Signing Team
Signing Date May 12, 2017
Signing Status UFA
Agent Allain Roy
Standard Contract | 6 Years $29,500,000 6.03% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $4,916,667 $4,916,667 $4,916,667 $4,916,667 $4,916,667 $4,916,667
UFA
AAV $4,916,667 $4,916,667 $4,916,667 $4,916,667 $4,916,667 $4,916,667
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $3,500,000 $2,500,000 $1,000,000 $2,500,000 $2,500,000
Signing Bonuses $3,000,000 $3,000,000 $3,000,000 $2,500,000 $1,000,000 $1,000,000
Total Salary $7,000,000 $6,500,000 $5,500,000 $3,500,000 $3,500,000 $3,500,000
Minors Salary $7,000,000 $6,500,000 $5,500,000 $3,500,000 $3,500,000 $3,500,000
Clauses NMC NMC NMC M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out