Ben Meyers buyout calculator, cap hit impact

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Ben Meyers Buyout Cap Implications

Birthdate November 15, 1998

If Ben Meyers 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 23 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $277,500
Remaining base salary
($832,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/2 years)

Ben Meyers projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$832,500
$832,500 $0
Original Cap Hit $912,500 $0
Contract Signing Bonus $92,500 $0
Contract Total Salary ($925,000) ($0)
Annual Buyout Cost $138,750 $138,750
ACTUAL CAP HIT Colorado Avalanche logo $218,750 $138,750
Savings $693,750 $-138,750

Active Contract

Signing Team Colorado Avalanche logo
Signing Date April 14, 2022
Agent Daniel Plante
Entry Level Contract | 2 Years $1,825,000 1.11% of cap space
2021-2022 2022-2023
Cap Hit $912,500 $912,500
RFA
AAV $1,031,250 $1,031,250
Performance Bonuses $25,000 $212,500
Base Salary $807,500 $832,500
Signing Bonuses $92,500 $92,500
Total Salary $900,000 $925,000
Minors Salary $80,000 $80,000
Clauses
UFA Year
Buy It Out