Evan Fitzpatrick buyout calculator, cap hit impact

Evan Fitzpatrick Buyout Cap Implications

Birthdate January 28, 1998

If Evan Fitzpatrick 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 21 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $491,667
Remaining base salary
($1,475,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $122,917
(Total buyout cost/4 years)

Evan Fitzpatrick projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,475,000
$700,000 $775,000 $0 $0
Original Cap Hit $770,000 $770,000 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0
Contract Total Salary ($792,500) ($775,000) ($0) ($0)
Annual Buyout Cost $122,917 $122,917 $122,917 $122,917
ACTUAL CAP HIT St. Louis Blues logo $192,917 $117,917 $122,917 $122,917
Savings $577,083 $652,083 $-122,917 $-122,917

Active Contract

Signing Team
Signing Date March 26, 2017
Agent Philip Reid
Entry Level Contract | 3 Years $2,310,000 0.98% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $800,833 $770,000 $770,000 $770,000
RFA
AAV $941,667 $910,834 $910,834 $910,834
Performance Bonuses $0 $182,500 $182,500 $57,500
Base Salary $0 $650,000 $700,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $0 $742,500 $792,500 $775,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out