Chris Kreider buyout calculator, cap hit impact

Chris Kreider Buyout Cap Implications

Birthdate April 30, 1991

If Chris Kreider 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 32 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 $11,333,333
Remaining base salary
($17,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,416,667
(Total buyout cost/8 years)

Chris Kreider projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$17,000,000
$3,000,000 $5,000,000 $5,000,000 $4,000,000 $0 $0 $0 $0
Original Cap Hit $6,500,000 $6,500,000 $6,500,000 $6,500,000 $0 $0 $0 $0
Contract Signing Bonus $2,000,000 $0 $0 $1,000,000 $0 $0 $0 $0
Contract Total Salary ($5,000,000) ($5,000,000) ($5,000,000) ($5,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667
ACTUAL CAP HIT New York Rangers logo $4,916,667 $2,916,667 $2,916,667 $3,916,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667
Savings $1,583,333 $3,583,333 $3,583,333 $2,583,333 $-1,416,667 $-1,416,667 $-1,416,667 $-1,416,667

Active Contract

Signing Team
Signing Date February 24, 2020
Signing Status UFA
Agent Matt Keator
Standard Contract | 7 Years $45,500,000 7.98% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000
UFA
AAV $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000 $6,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $2,000,000 $3,500,000 $1,000,000 $3,000,000 $5,000,000 $5,000,000 $4,000,000
Signing Bonuses $8,000,000 $6,000,000 $5,000,000 $2,000,000 $0 $0 $1,000,000
Total Salary $10,000,000 $9,500,000 $6,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Minors Salary $10,000,000 $9,500,000 $6,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Clauses NMC NMC NMC NMC 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
No Move 20-24 No Trade List 24-27