Owen Tippett buyout calculator, cap hit impact

Owen Tippett Buyout Cap Implications

Birthdate February 16, 1999

If Owen Tippett was bought out prior to the 2022-2023 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 23 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 $1,000,000
Remaining base salary
($3,000,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $250,000
(Total buyout cost/4 years)

Owen Tippett projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$3,000,000
$1,250,000 $1,750,000 $0 $0
Original Cap Hit $1,500,000 $1,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,250,000) ($1,750,000) ($0) ($0)
Annual Buyout Cost $250,000 $250,000 $250,000 $250,000
ACTUAL CAP HIT Philadelphia Flyers logo $500,000 $0 $250,000 $250,000
Savings $1,000,000 $1,500,000 $-250,000 $-250,000

Active Contract

Signing Team Philadelphia Flyers logo
Signing Date January 26, 2024
Signing Status RFA
Agent Murray Koontz
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $49,600,000 7.43% of cap space
2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Cap Hit $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000
UFA
AAV $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000 $6,200,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $1,000,000 $2,500,000 $4,500,000 $3,500,000 $5,000,000 $7,500,000 $5,100,000 $4,500,000
Signing Bonuses $5,000,000 $5,000,000 $0 $3,000,000 $3,000,000 $0 $0 $0
Total Salary $6,000,000 $7,500,000 $4,500,000 $6,500,000 $8,000,000 $7,500,000 $5,100,000 $4,500,000
Minors Salary $6,000,000 $7,500,000 $4,500,000 $6,500,000 $8,000,000 $7,500,000 $5,100,000 $4,500,000
Clauses M-NTC 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 Buy It Out Buy It Out
Yrs 3-6: 10 Team No Trade List