Matthew Phillips buyout calculator, cap hit impact

Matthew Phillips Buyout Cap Implications

Birthdate April 6, 1998

If Matthew Phillips 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 22 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $116,667
(Total buyout cost/2 years)

Matthew Phillips projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$700,000
$700,000 $0
Original Cap Hit $733,333 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($700,000) ($0)
Annual Buyout Cost $116,667 $116,667
ACTUAL CAP HIT Calgary Flames logo $150,000 $116,667
Savings $583,333 $-116,667

Active Contract

Signing Team
Signing Date December 31, 2017
Agent Allain Roy
Entry Level Contract | 4 Years $2,941,665 0.91% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $741,666 $733,333 $733,333 $733,333
RFA
AAV $758,333 $750,000 $750,000 $750,000
Performance Bonuses $0 $25,000 $25,000 $0
Base Salary $0 $650,000 $700,000 $700,000
Signing Bonuses $75,000 $75,000 $75,000 $0
Total Salary $0 $725,000 $775,000 $700,000
Minors Salary $0 $67,500 $67,500 $70,000
Clauses
UFA Year
Buy It Out