Patrice Bergeron buyout calculator, cap hit impact

Patrice Bergeron Buyout Cap Implications

Birthdate July 24, 1985

If Patrice Bergeron 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 33 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 $5,083,333
Remaining base salary
($7,625,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $847,222
(Total buyout cost/6 years)

Patrice Bergeron projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$7,625,000
$875,000 $3,375,000 $3,375,000 $0 $0 $0
Original Cap Hit $6,875,000 $6,875,000 $6,875,000 $0 $0 $0
Contract Signing Bonus $3,500,000 $1,000,000 $1,000,000 $0 $0 $0
Contract Total Salary ($4,375,000) ($4,375,000) ($4,375,000) ($0) ($0) ($0)
Annual Buyout Cost $847,222 $847,222 $847,222 $847,222 $847,222 $847,222
ACTUAL CAP HIT Boston Bruins logo $6,847,222 $4,347,222 $4,347,222 $847,222 $847,222 $847,222
Savings $27,778 $2,527,778 $2,527,778 $-847,222 $-847,222 $-847,222

Active Contract

Signing Team
Signing Date July 12, 2013
Signing Status UFA
Agent Kent Hughes
Standard Contract | 8 Years $55,000,000 8.44% of cap space
2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000
UFA
AAV $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000 $6,875,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $8,750,000 $8,750,000 $8,750,000 $8,750,000 $875,000 $875,000 $3,375,000 $3,375,000
Signing Bonuses $0 $0 $0 $0 $6,000,000 $3,500,000 $1,000,000 $1,000,000
Total Salary $8,750,000 $8,750,000 $8,750,000 $8,750,000 $6,875,000 $4,375,000 $4,375,000 $4,375,000
Minors Salary $8,750,000 $8,750,000 $8,750,000 $8,750,000 $6,875,000 $4,375,000 $4,375,000 $4,375,000
Clauses NMC NMC NMC NMC NMC NMC M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out