Nick Schmaltz buyout calculator, cap hit impact

Nick Schmaltz Buyout Cap Implications

Birthdate February 23, 1996

If Nick Schmaltz 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 24 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 $11,316,667
Remaining base salary
($33,950,000 * 33% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $943,056
(Total buyout cost/12 years)

Nick Schmaltz projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$33,950,000
$3,000,000 $5,000,000 $4,500,000 $7,500,000 $6,950,000 $7,000,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $1,000,000 $0 $0 $1,500,000 $1,500,000 $0 $0 $0 $0 $0 $0
Contract Total Salary ($3,000,000) ($6,000,000) ($4,500,000) ($7,500,000) ($8,450,000) ($8,500,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056
ACTUAL CAP HIT Arizona Coyotes logo $3,793,056 $1,793,056 $2,293,056 $-706,944 $-156,944 $-206,944 $943,056 $943,056 $943,056 $943,056 $943,056 $943,056
Savings $2,056,944 $4,056,944 $3,556,944 $6,556,944 $6,006,944 $6,056,944 $-943,056 $-943,056 $-943,056 $-943,056 $-943,056 $-943,056

Active Contract

Signing Team
Signing Date March 30, 2019
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 7 Years $40,950,000 7.18% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000
UFA
AAV $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000 $5,850,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $2,500,000 $3,000,000 $5,000,000 $4,500,000 $7,500,000 $6,950,000 $7,000,000
Signing Bonuses $500,000 $0 $1,000,000 $0 $0 $1,500,000 $1,500,000
Total Salary $3,000,000 $3,000,000 $6,000,000 $4,500,000 $7,500,000 $8,450,000 $8,500,000
Minors Salary $3,000,000 $3,000,000 $6,500,000 $4,500,000 $7,500,000 $8,450,000 $8,500,000
Clauses M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
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