Christopher Tanev buyout calculator, cap hit impact

Christopher Tanev Buyout Cap Implications

Birthdate December 20, 1989

If Christopher Tanev was bought out prior to the 2021-2022 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 $9,666,667
Remaining base salary
($14,500,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $1,611,111
(Total buyout cost/6 years)

Christopher Tanev projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$14,500,000
$5,500,000 $4,500,000 $4,500,000 $0 $0 $0
Original Cap Hit $4,500,000 $4,500,000 $4,500,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,500,000) ($4,500,000) ($4,500,000) ($0) ($0) ($0)
Annual Buyout Cost $1,611,111 $1,611,111 $1,611,111 $1,611,111 $1,611,111 $1,611,111
ACTUAL CAP HIT Calgary Flames logo $611,111 $1,611,111 $1,611,111 $1,611,111 $1,611,111 $1,611,111
Savings $3,888,889 $2,888,889 $2,888,889 $-1,611,111 $-1,611,111 $-1,611,111

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent Wade Arnott
Standard Contract | 4 Years $18,000,000 5.52% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $4,500,000 $4,500,000 $4,500,000 $4,500,000
UFA
AAV $4,500,000 $4,500,000 $4,500,000 $4,500,000
Performance Bonuses $0 $0 $0 $0
Base Salary $3,500,000 $5,500,000 $4,500,000 $4,500,000
Signing Bonuses $0 $0 $0 $0
Total Salary $3,500,000 $5,500,000 $4,500,000 $4,500,000
Minors Salary $3,500,000 $5,500,000 $4,500,000 $4,500,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
10 team no trade list