Marcus Sorensen buyout calculator, cap hit impact

Marcus Sorensen Buyout Cap Implications

Birthdate April 7, 1992

If Marcus Sorensen was bought 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 would be 28 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 $900,000
Remaining base salary
($1,350,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $450,000
(Total buyout cost/2 years)

Marcus Sorensen projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$1,350,000
$1,350,000 $0
Original Cap Hit $1,500,000 $0
Contract Signing Bonus $150,000 $0
Contract Total Salary ($1,500,000) ($0)
Annual Buyout Cost $450,000 $450,000
ACTUAL CAP HIT San Jose Sharks logo $600,000 $450,000
Savings $900,000 $-450,000

Active Contract

Signing Team
Signing Date January 14, 2019
Signing Status UFA
Agent Markus Lehto
Standard Contract | 2 Years $3,000,000 1.84% of cap space
2019-2020 2020-2021
Cap Hit $1,500,000 $1,500,000
UFA
AAV $1,500,000 $1,500,000
Performance Bonuses $0 $0
Base Salary $1,350,000 $1,350,000
Signing Bonuses $150,000 $150,000
Total Salary $1,500,000 $1,500,000
Minors Salary $1,500,000 $1,500,000
Clauses
UFA Year
Buy It Out