Pheonix Copley buyout calculator, cap hit impact

Pheonix Copley Buyout Cap Implications

Birthdate January 18, 1992

If Pheonix Copley 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 27 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 $2,000,000
Remaining base salary
($3,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/6 years)

Pheonix Copley projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$3,000,000
$750,000 $750,000 $1,500,000 $0 $0 $0
Original Cap Hit $1,100,000 $1,100,000 $1,100,000 $0 $0 $0
Contract Signing Bonus $300,000 $0 $0 $0 $0 $0
Contract Total Salary ($1,050,000) ($750,000) ($1,500,000) ($0) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT Washington Capitals logo $683,333 $683,333 $-66,667 $333,333 $333,333 $333,333
Savings $416,667 $416,667 $1,166,667 $-333,333 $-333,333 $-333,333

Active Contract

Signing Team
Signing Date February 4, 2019
Signing Status UFA
Agent Gerry Johannson
Standard Contract | 3 Years $3,300,000 1.35% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $1,100,000 $1,100,000 $1,100,000
UFA
AAV $1,100,000 $1,100,000 $1,100,000
Performance Bonuses $0 $0 $0
Base Salary $750,000 $750,000 $1,500,000
Signing Bonuses $300,000 $0 $0
Total Salary $1,050,000 $750,000 $1,500,000
Minors Salary $1,050,000 $750,000 $1,500,000
Clauses
UFA Year
Buy It Out Buy It Out