Matt Carle buyout calculator, cap hit impact

Matt Carle Buyout Cap Implications

Birthdate September 25, 1984

Matt Carle was bought by Tampa Bay Lightning logo out prior to the 2016-2017 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 31 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 $7,333,333
Remaining base salary
($11,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/4 years)

Matt Carle buyout details 2016-2017 season
2016-2017 2017-2018 2018-2019 2019-2020
Remaining Base Salary
$11,000,000
$5,500,000 $5,500,000 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,500,000) ($5,500,000) ($0) ($0)
Annual Buyout Cost $1,833,333 $1,833,333 $1,833,333 $1,833,333
ACTUAL CAP HIT Tampa Bay Lightning logo $1,833,333 $1,833,333 $1,833,333 $1,833,333
Savings $3,666,667 $3,666,667 $-1,833,333 $-1,833,333