Brendan Smith buyout calculator, cap hit impact

Brendan Smith Buyout Cap Implications

Birthdate February 8, 1989

If Brendan Smith was bought out prior to the 2019-2020 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 30 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 $4,583,333
Remaining base salary
($6,875,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,145,833
(Total buyout cost/4 years)

Brendan Smith projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$6,875,000
$4,525,000 $2,350,000 $0 $0
Original Cap Hit $4,350,000 $4,350,000 $0 $0
Contract Signing Bonus $0 $1,000,000 $0 $0
Contract Total Salary ($4,525,000) ($3,350,000) ($0) ($0)
Annual Buyout Cost $1,145,833 $1,145,833 $1,145,833 $1,145,833
ACTUAL CAP HIT New York Rangers logo $970,833 $3,145,833 $1,145,833 $1,145,833
Savings $3,379,167 $1,204,167 $-1,145,833 $-1,145,833

Active Contract

Signing Team
Signing Date June 28, 2017
Signing Status UFA
Agent Paul Capizzano & Anton Thun
Standard Contract | 4 Years $17,400,000 5.34% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $4,350,000 $4,350,000 $4,350,000 $4,350,000
UFA
AAV $4,350,000 $4,350,000 $4,350,000 $4,350,000
Performance Bonuses $0 $0 $0 $0
Base Salary $5,000,000 $4,525,000 $4,525,000 $2,350,000
Signing Bonuses $0 $0 $0 $1,000,000
Total Salary $5,000,000 $4,525,000 $4,525,000 $3,350,000
Minors Salary $5,000,000 $4,525,000 $4,525,000 $3,350,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out