James van Riemsdyk buyout calculator, cap hit impact

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James van Riemsdyk Buyout Cap Implications

Birthdate May 4, 1989

If James van Riemsdyk was bought out prior to the 2022-2023 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 33 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 $2,666,667
Remaining base salary
($4,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,333,333
(Total buyout cost/2 years)

James van Riemsdyk projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$4,000,000
$4,000,000 $0
Original Cap Hit $7,000,000 $0
Contract Signing Bonus $1,000,000 $0
Contract Total Salary ($5,000,000) ($0)
Annual Buyout Cost $1,333,333 $1,333,333
ACTUAL CAP HIT Philadelphia Flyers logo $4,333,333 $1,333,333
Savings $2,666,667 $-1,333,333

Active Contract

Signing Team Philadelphia Flyers logo
Signing Date July 1, 2018
Signing Status UFA
Agent Shawn Hunwick
Standard Contract | 5 Years $35,000,000 8.48% 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
Contract signed & negotiated by R4PA. Now represented by Judd Moldaver, Wasserman