Corey Perry buyout calculator, cap hit impact
Corey Perry Buyout Cap Implications
Birthdate May 16, 1985
Corey Perry was bought by 
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 was 34 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 $8,000,000
Remaining base salary
($12,000,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,000,000
(Total buyout cost/4 years)
Corey Perry buyout details 2019-2020 season
2019-2020
2020-2021
2021-2022
2022-2023
Remaining Base Salary
$12,000,000
$8,000,000
$4,000,000
$0
$0
Original Cap Hit
$8,625,000
$8,625,000
$0
$0
Contract Signing Bonus
$0
$3,000,000
$0
$0
Contract Total Salary
($8,000,000)
($7,000,000)
($0)
($0)
Annual Buyout Cost
$2,000,000
$2,000,000
$2,000,000
$2,000,000
ACTUAL CAP HIT
$2,625,000
$6,625,000
$2,000,000
$2,000,000
Savings
$6,000,000
$2,000,000
$-2,000,000
$-2,000,000
Birthdate May 16, 1985
Corey Perry was bought by
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 was 34 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 $8,000,000
Remaining base salary
($12,000,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,000,000
(Total buyout cost/4 years)
Corey Perry buyout details 2019-2020 season
| 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | |
|---|---|---|---|---|
| Remaining Base Salary $12,000,000 |
$8,000,000 | $4,000,000 | $0 | $0 |
| Original Cap Hit | $8,625,000 | $8,625,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $3,000,000 | $0 | $0 |
| Contract Total Salary | ($8,000,000) | ($7,000,000) | ($0) | ($0) |
| Annual Buyout Cost | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| ACTUAL CAP HIT
|
$2,625,000 | $6,625,000 | $2,000,000 | $2,000,000 |
| Savings | $6,000,000 | $2,000,000 | $-2,000,000 | $-2,000,000 |