Matt Grzelcyk buyout calculator, cap hit impact

Matt Grzelcyk Buyout Cap Implications

Birthdate January 5, 1994

If Matt Grzelcyk 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 26 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 $9,833,333
Remaining base salary
($14,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,229,167
(Total buyout cost/8 years)

Matt Grzelcyk projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$14,750,000
$2,250,000 $4,000,000 $4,250,000 $4,250,000 $0 $0 $0 $0
Original Cap Hit $3,687,500 $3,687,500 $3,687,500 $3,687,500 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,250,000) ($4,000,000) ($4,250,000) ($4,250,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,229,167 $1,229,167 $1,229,167 $1,229,167 $1,229,167 $1,229,167 $1,229,167 $1,229,167
ACTUAL CAP HIT Boston Bruins logo $2,666,667 $916,667 $666,667 $666,667 $1,229,167 $1,229,167 $1,229,167 $1,229,167
Savings $1,020,833 $2,770,833 $3,020,833 $3,020,833 $-1,229,167 $-1,229,167 $-1,229,167 $-1,229,167

Active Contract

Signing Team
Signing Date October 17, 2020
Signing Status RFA
Agent Peter Fish
Standard Contract | 4 Years $14,750,000 4.52% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $3,687,500 $3,687,500 $3,687,500 $3,687,500
UFA
AAV $3,687,500 $3,687,500 $3,687,500 $3,687,500
Performance Bonuses $0 $0 $0 $0
Base Salary $2,250,000 $4,000,000 $4,250,000 $4,250,000
Signing Bonuses $0 $0 $0 $0
Total Salary $2,250,000 $4,000,000 $4,250,000 $4,250,000
Minors Salary $2,250,000 $4,000,000 $4,250,000 $4,250,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out