Josh Melnick buyout calculator, cap hit impact

Josh Melnick Buyout Cap Implications

Birthdate July 10, 1995

If Josh Melnick 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 23 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 $277,500
Remaining base salary
($832,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/2 years)

Josh Melnick projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$832,500
$832,500 $0
Original Cap Hit $925,000 $0
Contract Signing Bonus $92,500 $0
Contract Total Salary ($925,000) ($0)
Annual Buyout Cost $138,750 $138,750
ACTUAL CAP HIT Dallas Stars logo $231,250 $138,750
Savings $693,750 $-138,750

Active Contract

Signing Team
Signing Date March 19, 2019
Agent Richard Evans
Entry Level Contract | 1 Years $925,000 1.13% of cap space
2019-2020
Cap Hit $925,000
RFA
AAV $925,000
Performance Bonuses $0
Base Salary $832,500
Signing Bonuses $92,500
Total Salary $925,000
Minors Salary $70,000
Clauses
UFA Year
Buy It Out