Gabriel Fortier buyout calculator, cap hit impact

Gabriel Fortier Buyout Cap Implications

Birthdate February 6, 2000

If Gabriel Fortier 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 20 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 $744,167
Remaining base salary
($2,232,500 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $124,028
(Total buyout cost/6 years)

Gabriel Fortier projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$2,232,500
$700,000 $700,000 $832,500 $0 $0 $0
Original Cap Hit $775,001 $775,001 $775,001 $0 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0 $0 $0
Contract Total Salary ($792,500) ($700,000) ($832,500) ($0) ($0) ($0)
Annual Buyout Cost $124,028 $124,028 $124,028 $124,028 $124,028 $124,028
ACTUAL CAP HIT Tampa Bay Lightning logo $199,029 $199,029 $66,529 $124,028 $124,028 $124,028
Savings $575,972 $575,972 $708,472 $-124,028 $-124,028 $-124,028

Active Contract

Signing Team
Signing Date December 19, 2018
Agent Gilles Lupien
Entry Level Contract | 3 Years $2,325,003 1.03% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $836,667 $805,834 $775,001 $775,001 $775,001
RFA
AAV $925,000 $894,167 $863,334 $863,334 $863,334
Performance Bonuses $0 $0 $132,500 $132,500 $0
Base Salary $0 $0 $700,000 $700,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $792,500 $700,000 $832,500
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out