Jeff Skinner buyout calculator, cap hit impact

Jeff Skinner Buyout Cap Implications

Birthdate May 16, 1992

If Jeff Skinner was bought out prior to the 2023-2024 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 $21,333,333
Remaining base salary
($32,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $2,666,667
(Total buyout cost/8 years)

Jeff Skinner projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$32,000,000
$10,000,000 $10,000,000 $7,000,000 $5,000,000 $0 $0 $0 $0
Original Cap Hit $9,000,000 $9,000,000 $9,000,000 $9,000,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($10,000,000) ($10,000,000) ($7,000,000) ($5,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,666,667 $2,666,667 $2,666,667 $2,666,667 $2,666,667 $2,666,667 $2,666,667 $2,666,667
ACTUAL CAP HIT Buffalo Sabres logo $1,666,667 $1,666,667 $4,666,667 $6,666,667 $2,666,667 $2,666,667 $2,666,667 $2,666,667
Savings $7,333,333 $7,333,333 $4,333,333 $2,333,333 $-2,666,667 $-2,666,667 $-2,666,667 $-2,666,667

Active Contract

Signing Team Buffalo Sabres logo
Signing Date June 7, 2019
Signing Status UFA
Agent Donald Meehan
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $72,000,000 11.04% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000
UFA
AAV $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $10,000,000 $2,500,000 $10,000,000 $2,500,000 $10,000,000 $10,000,000 $7,000,000 $5,000,000
Signing Bonuses $0 $7,500,000 $0 $7,500,000 $0 $0 $0 $0
Total Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $7,000,000 $5,000,000
Minors Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $7,000,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out