Bobby Ryan buyout calculator, cap hit impact

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Bobby Ryan Buyout Cap Implications

Birthdate March 17, 1987

Bobby Ryan was bought by Ottawa Senators logo 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 was 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 was $7,333,333
Remaining base salary
($11,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/4 years)

Bobby Ryan buyout details 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$11,000,000
$5,500,000 $5,500,000 $0 $0
Original Cap Hit $7,250,000 $7,250,000 $0 $0
Contract Signing Bonus $2,000,000 $2,000,000 $0 $0
Contract Total Salary ($7,500,000) ($7,500,000) ($0) ($0)
Annual Buyout Cost $1,833,333 $1,833,333 $1,833,333 $1,833,333
ACTUAL CAP HIT Ottawa Senators logo $3,583,333 $3,583,333 $1,833,333 $1,833,333
Savings $3,666,667 $3,666,667 $-1,833,333 $-1,833,333