Jeffrey Viel buyout calculator, cap hit impact

Jeffrey Viel Buyout Cap Implications

Birthdate January 28, 1997

If Jeffrey Viel was bought out prior to the 2019-2020 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 $466,667
Remaining base salary
($1,400,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $116,667
(Total buyout cost/4 years)

Jeffrey Viel projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,400,000
$700,000 $700,000 $0 $0
Original Cap Hit $780,000 $780,000 $0 $0
Contract Signing Bonus $80,000 $80,000 $0 $0
Contract Total Salary ($780,000) ($780,000) ($0) ($0)
Annual Buyout Cost $116,667 $116,667 $116,667 $116,667
ACTUAL CAP HIT San Jose Sharks logo $196,667 $196,667 $116,667 $116,667
Savings $583,333 $583,333 $-116,667 $-116,667

Active Contract

Signing Team
Signing Date May 29, 2019
Agent Allain Roy
Entry Level Contract | 2 Years $1,560,000 0.96% of cap space
2019-2020 2020-2021
Cap Hit $780,000 $780,000
RFA
AAV $800,000 $800,000
Performance Bonuses $20,000 $20,000
Base Salary $700,000 $700,000
Signing Bonuses $80,000 $80,000
Total Salary $780,000 $780,000
Minors Salary $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out