Corey Perry buyout calculator, cap hit impact

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Corey Perry Buyout Cap Implications

Birthdate May 16, 1985

Corey Perry was bought by Anaheim Ducks logo 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 Anaheim Ducks logo $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

Active Contract

Signing Team Tampa Bay Lightning logo
Signing Date July 29, 2021
Signing Status UFA
Agent Patrick Morris
Standard Contract | 2 Years $2,000,000 1.21% of cap space
2021-2022 2022-2023
Cap Hit $1,000,000 $1,000,000
UFA
AAV $1,000,000 $1,000,000
Performance Bonuses $0 $0
Base Salary $750,000 $1,000,000
Signing Bonuses $0 $250,000
Total Salary $750,000 $1,250,000
Minors Salary $750,000 $1,250,000
Clauses NTC NTC
UFA Year
Buy It Out