Philip Broberg buyout calculator, cap hit impact

Philip Broberg Buyout Cap Implications

Birthdate June 25, 2001

If Philip Broberg 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 19 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 $554,667
Remaining base salary
($1,664,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,667
(Total buyout cost/4 years)

Philip Broberg projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,664,000
$832,000 $832,000 $0 $0
Original Cap Hit $894,167 $894,167 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0
Contract Total Salary ($924,500) ($832,000) ($0) ($0)
Annual Buyout Cost $138,667 $138,667 $138,667 $138,667
ACTUAL CAP HIT Edmonton Oilers logo $200,834 $200,834 $138,667 $138,667
Savings $693,333 $693,333 $-138,667 $-138,667

Active Contract

Signing Team
Signing Date July 4, 2019
Agent Darren Ferris
View Player Profile
Potential Lockout Year
Entry Level Contract | 3 Years $2,682,501 1.13% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $925,000 $894,167 $894,167 $894,167
RFA
AAV $1,775,000 $1,744,167 $1,744,167 $1,744,167
Performance Bonuses $0 $850,000 $850,000 $850,000
Base Salary $0 $832,000 $832,000 $832,000
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $92,500 $924,500 $924,500 $832,000
Minors Salary $0 $924,000 $924,000 $924,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out