Fyodor Tyutin buyout calculator, cap hit impact

Fyodor Tyutin Buyout Cap Implications

Birthdate July 19, 1983

Fyodor Tyutin was bought by Columbus Blue Jackets logo out prior to the 2016-2017 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 32 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 $5,833,333
Remaining base salary
($8,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,458,333
(Total buyout cost/4 years)

Fyodor Tyutin buyout details 2016-2017 season
2016-2017 2017-2018 2018-2019 2019-2020
Remaining Base Salary
$8,750,000
$4,750,000 $4,000,000 $0 $0
Original Cap Hit $4,500,000 $4,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,750,000) ($4,000,000) ($0) ($0)
Annual Buyout Cost $1,458,333 $1,458,333 $1,458,333 $1,458,333
ACTUAL CAP HIT Columbus Blue Jackets logo $1,208,333 $1,958,333 $1,458,333 $1,458,333
Savings $3,291,667 $2,541,667 $-1,458,333 $-1,458,333