Erik Gustafsson buyout calculator, cap hit impact

Erik Gustafsson Buyout Cap Implications

Birthdate March 14, 1992

If Erik Gustafsson 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 28 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 $1,833,333
Remaining base salary
($2,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $916,667
(Total buyout cost/2 years)

Erik Gustafsson projected buyout 2019-2020 season
2020-2021 2021-2022
Remaining Base Salary
$2,750,000
$2,750,000 $0
Original Cap Hit $3,000,000 $0
Contract Signing Bonus $250,000 $0
Contract Total Salary ($3,000,000) ($0)
Annual Buyout Cost $916,667 $916,667
ACTUAL CAP HIT Philadelphia Flyers logo $1,166,667 $916,667
Savings $1,833,333 $-916,667

Active Contract

Signing Team
Signing Date October 12, 2020
Signing Status UFA
Agent Peter Wallen
Standard Contract | 1 Years $3,000,000 3.68% of cap space
2020-2021
Cap Hit $3,000,000
UFA
AAV $3,000,000
Performance Bonuses $0
Base Salary $2,750,000
Signing Bonuses $250,000
Total Salary $3,000,000
Minors Salary $3,000,000
Clauses
UFA Year
Buy It Out