Greg Pateryn buyout calculator, cap hit impact

Greg Pateryn Buyout Cap Implications

Birthdate June 20, 1990

If Greg Pateryn 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 $3,333,333
Remaining base salary
($5,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $833,333
(Total buyout cost/4 years)

Greg Pateryn projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$5,000,000
$2,250,000 $2,750,000 $0 $0
Original Cap Hit $2,250,000 $2,250,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,250,000) ($2,750,000) ($0) ($0)
Annual Buyout Cost $833,333 $833,333 $833,333 $833,333
ACTUAL CAP HIT Minnesota Wild logo $833,333 $333,333 $833,333 $833,333
Savings $1,416,667 $1,916,667 $-833,333 $-833,333

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent Alexander Schall
Standard Contract | 3 Years $6,750,000 2.76% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $2,250,000 $2,250,000 $2,250,000
UFA
AAV $2,250,000 $2,250,000 $2,250,000
Performance Bonuses $0 $0 $0
Base Salary $1,750,000 $2,250,000 $2,750,000
Signing Bonuses $0 $0 $0
Total Salary $1,750,000 $2,250,000 $2,750,000
Minors Salary $1,750,000 $2,250,000 $2,750,000
Clauses
UFA Year
Buy It Out Buy It Out