Justin Almeida buyout calculator, cap hit impact

Justin Almeida Buyout Cap Implications

Birthdate February 6, 1999

If Justin Almeida 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 20 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 $716,667
Remaining base salary
($2,150,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $119,444
(Total buyout cost/6 years)

Justin Almeida projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,150,000
$700,000 $700,000 $750,000 $0 $0 $0
Original Cap Hit $809,166 $809,166 $809,166 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($792,500) ($792,500) ($842,500) ($0) ($0) ($0)
Annual Buyout Cost $119,444 $119,444 $119,444 $119,444 $119,444 $119,444
ACTUAL CAP HIT Pittsburgh Penguins logo $228,610 $228,610 $178,610 $119,444 $119,444 $119,444
Savings $580,556 $580,556 $630,556 $-119,444 $-119,444 $-119,444

Active Contract

Signing Team
Signing Date March 9, 2019
Agent Richard Evans
Entry Level Contract | 3 Years $2,427,498 0.99% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $809,166 $809,166 $809,166
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $132,500 $132,500 $82,500
Base Salary $700,000 $700,000 $750,000
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $792,500 $792,500 $842,500
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out