Kyle Turris buyout calculator, cap hit impact

Kyle Turris Buyout Cap Implications

Birthdate August 14, 1989

Kyle Turris was bought by Nashville Predators logo out prior to the 2020-2021 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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,000,000
(Total buyout cost/8 years)

Kyle Turris buyout details 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$24,000,000
$6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0
Original Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($6,000,000) ($6,000,000) ($6,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
ACTUAL CAP HIT Nashville Predators logo $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
Savings $4,000,000 $4,000,000 $4,000,000 $4,000,000 $-2,000,000 $-2,000,000 $-2,000,000 $-2,000,000

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent Kurt Overhardt
Standard Contract | 2 Years $3,300,000 2.02% of cap space
2020-2021 2021-2022
Cap Hit $1,650,000 $1,650,000
UFA
AAV $1,650,000 $1,650,000
Performance Bonuses $0 $0
Base Salary $1,100,000 $2,200,000
Signing Bonuses $0 $0
Total Salary $1,100,000 $2,200,000
Minors Salary $1,100,000 $2,200,000
Clauses
UFA Year
Buy It Out