Isaac Ratcliffe buyout calculator, cap hit impact

Isaac Ratcliffe Buyout Cap Implications

Birthdate February 15, 1999

If Isaac Ratcliffe was bought out prior to the 2021-2022 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 22 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/2 years)

Isaac Ratcliffe projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $780,834 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($775,000) ($0)
Annual Buyout Cost $129,167 $129,167
ACTUAL CAP HIT Philadelphia Flyers logo $135,001 $129,167
Savings $645,833 $-129,167

Active Contract

Signing Team
Signing Date August 3, 2017
Agent Darren Ferris
Entry Level Contract | 3 Years $2,342,502 1.03% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $842,500 $811,667 $780,834 $780,834 $780,834
RFA
AAV $925,000 $894,167 $863,334 $863,334 $863,334
Performance Bonuses $0 $0 $107,500 $82,500 $57,500
Base Salary $0 $0 $725,000 $750,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $0 $0 $817,500 $750,000 $775,000
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out