Michael Raffl buyout calculator, cap hit impact


Michael Raffl Buyout Cap Implications

Birthdate December 1, 1988

If Michael Raffl 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 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 would be $933,333
Remaining base salary
($1,400,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $466,667
(Total buyout cost/2 years)

Michael Raffl projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$1,400,000
$1,400,000 $0
Original Cap Hit $1,600,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,400,000) ($0)
Annual Buyout Cost $466,667 $466,667
ACTUAL CAP HIT Philadelphia Flyers logo $666,667 $466,667
Savings $933,333 $-466,667

Active Contract

Signing Team
Signing Date March 26, 2019
Signing Status UFA
Agent Jerome Buckley
View Player Profile
Potential Lockout Year
Standard Contract | 2 Years $3,200,000 1.96% of cap space
2019-2020 2020-2021
Cap Hit $1,600,000 $1,600,000
UFA
AAV $1,600,000 $1,600,000
Performance Bonuses $0 $0
Base Salary $1,800,000 $1,400,000
Signing Bonuses $0 $0
Total Salary $1,800,000 $1,400,000
Minors Salary $1,800,000 $1,400,000
Clauses
UFA Year
Buy It Out Buy It Out