Jeff Petry buyout calculator, cap hit impact
Jeff Petry Buyout Cap Implications
Birthdate December 9, 1987
If Jeff Petry 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 34 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 $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $1,333,333
(Total buyout cost/12 years)
This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Jeff Petry projected buyout 2022-2023 season
Birthdate December 9, 1987
If Jeff Petry 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 34 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 $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $1,333,333
(Total buyout cost/12 years)
This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Jeff Petry projected buyout 2022-2023 season
Active Contract
Standard Contract | 4 Years $25,000,000 7.49% of cap space
2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | ||
---|---|---|---|---|---|
Cap Hit | $6,250,000 | $6,250,000 | $6,250,000 | $6,250,000 | UFA |
AAV | $6,250,000 | $6,250,000 | $6,250,000 | $6,250,000 | |
Performance Bonuses | $0 | $0 | $0 | $0 | |
Base Salary | $5,000,000 | $4,500,000 | $4,500,000 | $3,000,000 | |
Signing Bonuses | $0 | $3,000,000 | $3,000,000 | $2,000,000 | |
Total Salary | $5,000,000 | $7,500,000 | $7,500,000 | $5,000,000 | |
Minors Salary | $5,000,000 | $7,500,000 | $7,500,000 | $5,000,000 | |
Clauses | M-NTC | M-NTC | M-NTC | M-NTC | |
UFA Year | |||||
Buy It Out | Buy It Out | ||||
15 Team No Trade and expansion No Movement
* Retained 25% of contract was retained by Pittsburgh Penguins in trade to Montreal Canadiens * Retained 37.5% of contract was retained by Montreal Canadiens in trade to Detroit Red Wings |