Matthew Strome buyout calculator, cap hit impact

Matthew Strome Buyout Cap Implications

Birthdate January 6, 1999

If Matthew Strome was bought out prior to the 2019-2020 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 20 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 $716,667
Remaining base salary
($2,150,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $119,444
(Total buyout cost/6 years)

Matthew Strome projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,150,000
$700,000 $700,000 $750,000 $0 $0 $0
Original Cap Hit $776,666 $776,666 $776,666 $0 $0 $0
Contract Signing Bonus $87,500 $92,500 $0 $0 $0 $0
Contract Total Salary ($787,500) ($792,500) ($750,000) ($0) ($0) ($0)
Annual Buyout Cost $119,444 $119,444 $119,444 $119,444 $119,444 $119,444
ACTUAL CAP HIT Philadelphia Flyers logo $196,110 $196,110 $146,110 $119,444 $119,444 $119,444
Savings $580,556 $580,556 $630,556 $-119,444 $-119,444 $-119,444

Active Contract

Signing Team
Signing Date March 15, 2018
Agent Mark Guy
Entry Level Contract | 3 Years $2,329,998 0.99% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $804,166 $776,666 $776,666 $776,666
RFA
AAV $908,333 $880,833 $880,833 $880,833
Performance Bonuses $0 $42,500 $87,500 $182,500
Base Salary $0 $700,000 $700,000 $750,000
Signing Bonuses $82,500 $87,500 $92,500 $0
Total Salary $0 $787,500 $792,500 $750,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out