Mark Scheifele buyout calculator, cap hit impact

Mark Scheifele Buyout Cap Implications

Birthdate March 15, 1993

If Mark Scheifele 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 27 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 $15,833,333
Remaining base salary
($23,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,979,167
(Total buyout cost/8 years)

Mark Scheifele projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$23,750,000
$5,500,000 $6,750,000 $5,500,000 $6,000,000 $0 $0 $0 $0
Original Cap Hit $6,125,000 $6,125,000 $6,125,000 $6,125,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,500,000) ($6,750,000) ($5,500,000) ($6,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,979,167 $1,979,167 $1,979,167 $1,979,167 $1,979,167 $1,979,167 $1,979,167 $1,979,167
ACTUAL CAP HIT Winnipeg Jets logo $2,604,167 $1,354,167 $2,604,167 $2,104,167 $1,979,167 $1,979,167 $1,979,167 $1,979,167
Savings $3,520,833 $4,770,833 $3,520,833 $4,020,833 $-1,979,167 $-1,979,167 $-1,979,167 $-1,979,167

Active Contract

Signing Team
Signing Date July 8, 2016
Signing Status RFA
Agent Donald Meehan
Standard Contract | 8 Years $49,000,000 7.52% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000
UFA
AAV $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000 $6,125,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $5,000,000 $6,750,000 $6,750,000 $6,750,000 $5,500,000 $6,750,000 $5,500,000 $6,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $5,000,000 $6,750,000 $6,750,000 $6,750,000 $5,500,000 $6,750,000 $5,500,000 $6,000,000
Minors Salary $5,000,000 $6,750,000 $6,750,000 $6,750,000 $5,500,000 $6,750,000 $5,500,000 $6,000,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
Agent on contract: Robert Hooper