Ondrej Palat buyout calculator, cap hit impact

Ondrej Palat Buyout Cap Implications

Birthdate March 28, 1991

If Ondrej Palat was bought out prior to the 2021-2022 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 30 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 $3,533,333
Remaining base salary
($5,300,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,766,667
(Total buyout cost/2 years)

Ondrej Palat projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$5,300,000
$5,300,000 $0
Original Cap Hit $5,300,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,300,000) ($0)
Annual Buyout Cost $1,766,667 $1,766,667
ACTUAL CAP HIT Tampa Bay Lightning logo $1,766,667 $1,766,667
Savings $3,533,333 $-1,766,667

Active Contract

Signing Team
Signing Date July 14, 2017
Signing Status RFA
Agent Craig Oster
Standard Contract | 5 Years $26,500,000 6.50% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000
UFA
AAV $5,300,000 $5,300,000 $5,300,000 $5,300,000 $5,300,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,600,000 $6,855,000 $5,300,000 $3,445,000 $5,300,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $5,600,000 $6,855,000 $5,300,000 $3,445,000 $5,300,000
Minors Salary $5,600,000 $6,855,000 $5,300,000 $3,445,000 $5,300,000
Clauses NTC NTC NTC M-NTC
UFA Year
Buy It Out Buy It Out