Brandon Tanev buyout calculator, cap hit impact

Brandon Tanev Buyout Cap Implications

Birthdate December 31, 1991

If Brandon Tanev was bought out prior to the 2023-2024 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 31 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 $3,333,333
Remaining base salary
($5,000,000 * 67% buyout multiplier)
.

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

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

Brandon Tanev projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$5,000,000
$2,500,000 $2,500,000 $0 $0
Original Cap Hit $3,500,000 $3,500,000 $0 $0
Contract Signing Bonus $1,000,000 $1,000,000 $0 $0
Contract Total Salary ($3,500,000) ($3,500,000) ($0) ($0)
Annual Buyout Cost $833,333 $833,333 $833,333 $833,333
ACTUAL CAP HIT Pittsburgh Penguins logo $1,833,333 $1,833,333 $833,333 $833,333
Savings $1,666,667 $1,666,667 $-833,333 $-833,333

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Wade Arnott
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $21,000,000 4.29% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
UFA
AAV $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000
Signing Bonuses $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Total Salary $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
Minors Salary $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
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