Frank Vatrano buyout calculator, cap hit impact

Frank Vatrano Buyout Cap Implications

Birthdate March 14, 1994

If Frank Vatrano was bought out prior to the 2020-2021 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 26 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 $3,233,333
Remaining base salary
($4,850,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $808,333
(Total buyout cost/4 years)

Frank Vatrano projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$4,850,000
$2,250,000 $2,600,000 $0 $0
Original Cap Hit $2,533,333 $2,533,334 $0 $0
Contract Signing Bonus $250,000 $0 $0 $0
Contract Total Salary ($2,500,000) ($2,600,000) ($0) ($0)
Annual Buyout Cost $808,333 $808,333 $808,333 $808,333
ACTUAL CAP HIT Florida Panthers logo $1,091,666 $741,667 $808,333 $808,333
Savings $1,441,667 $1,791,667 $-808,333 $-808,333

Active Contract

Signing Team
Signing Date February 23, 2019
Signing Status RFA
Agent Peter Fish
Standard Contract | 3 Years $7,600,000 3.11% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $2,533,333 $2,533,333 $2,533,334
UFA
AAV $2,533,333 $2,533,333 $2,533,334
Performance Bonuses $0 $0 $0
Base Salary $2,500,000 $2,250,000 $2,600,000
Signing Bonuses $0 $250,000 $0
Total Salary $2,500,000 $2,500,000 $2,600,000
Minors Salary $2,500,000 $2,500,000 $2,600,000
Clauses
UFA Year
Buy It Out Buy It Out