James van Riemsdyk buyout calculator, cap hit impact

James van Riemsdyk Buyout Cap Implications

Birthdate May 4, 1989

If James van Riemsdyk 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 31 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 $10,666,667
Remaining base salary
($16,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,777,778
(Total buyout cost/6 years)

James van Riemsdyk projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$16,000,000
$6,000,000 $6,000,000 $4,000,000 $0 $0 $0
Original Cap Hit $7,000,000 $7,000,000 $7,000,000 $0 $0 $0
Contract Signing Bonus $1,000,000 $1,000,000 $1,000,000 $0 $0 $0
Contract Total Salary ($7,000,000) ($7,000,000) ($5,000,000) ($0) ($0) ($0)
Annual Buyout Cost $1,777,778 $1,777,778 $1,777,778 $1,777,778 $1,777,778 $1,777,778
ACTUAL CAP HIT Philadelphia Flyers logo $2,777,778 $2,777,778 $4,777,778 $1,777,778 $1,777,778 $1,777,778
Savings $4,222,222 $4,222,222 $2,222,222 $-1,777,778 $-1,777,778 $-1,777,778

Active Contract

Signing Team
Signing Date July 1, 2018
Signing Status UFA
Agent Alexander Schall
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $35,000,000 8.59% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000
UFA
AAV $7,000,000 $7,000,000 $7,000,000 $7,000,000 $7,000,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $7,000,000 $7,000,000 $6,000,000 $6,000,000 $4,000,000
Signing Bonuses $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Total Salary $8,000,000 $8,000,000 $7,000,000 $7,000,000 $5,000,000
Minors Salary $8,000,000 $8,000,000 $7,000,000 $7,000,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out