Pekka Rinne buyout calculator, cap hit impact

Pekka Rinne Buyout Cap Implications

Birthdate November 3, 1982

If Pekka Rinne was bought out prior to the 2019-2020 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Over 35 contracts are applied at 100% of the value over the exact years left.

He would be 36 years old at the buyout giving him a 100% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $10,000,000
Remaining base salary
($10,000,000 * 100% buyout multiplier)
.

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

Annual buyout cost of $5,000,000
(Total buyout cost/2 years)

Pekka Rinne projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$10,000,000
$6,000,000 $4,000,000
Original Cap Hit $5,000,000 $5,000,000
Contract Signing Bonus $0 $0
Contract Total Salary ($6,000,000) ($4,000,000)
Annual Buyout Cost $5,000,000 $5,000,000
ACTUAL CAP HIT Nashville Predators logo $4,000,000 $6,000,000
Savings $1,000,000 $-1,000,000

Active Contract

Signing Team
Signing Date November 3, 2018
Signing Status UFA
Agent Jay Grossman
Standard Contract | 2 Years $10,000,000 6.13% of cap space
2019-2020 2020-2021
Cap Hit $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000
Performance Bonuses $0 $0
Base Salary $6,000,000 $4,000,000
Signing Bonuses $0 $0
Total Salary $6,000,000 $4,000,000
Minors Salary $6,000,000 $4,000,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out
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