Mathew Barzal buyout calculator, cap hit impact

Mathew Barzal Buyout Cap Implications

Birthdate May 26, 1997

If Mathew Barzal was bought out prior to the 2022-2023 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 25 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 $3,333,333
Remaining base salary
($10,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $1,666,667
(Total buyout cost/2 years)

Mathew Barzal projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$10,000,000
$10,000,000 $0
Original Cap Hit $7,000,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($10,000,000) ($0)
Annual Buyout Cost $1,666,667 $1,666,667
ACTUAL CAP HIT New York Islanders logo $-1,333,333 $1,666,667
Savings $8,333,333 $-1,666,667

Active Contract

Signing Team New York Islanders logo
Signing Date January 9, 2021
Signing Status RFA
Agent J.P. Barry
Standard Contract | 3 Years $21,000,000 8.59% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $7,000,000 $7,000,000 $7,000,000
RFA
AAV $7,000,000 $7,000,000 $7,000,000
Performance Bonuses $0 $0 $0
Base Salary $3,000,000 $7,000,000 $10,000,000
Signing Bonuses $1,000,000 $0 $0
Total Salary $4,000,000 $7,000,000 $10,000,000
Minors Salary $4,000,000 $7,000,000 $10,000,000
Clauses
UFA Year
Buy It Out Buy It Out