Philipp Grubauer buyout calculator, cap hit impact

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Philipp Grubauer Buyout Cap Implications

Birthdate November 25, 1991

If Philipp Grubauer was bought out prior to the 2023-2024 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 31 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 $16,100,000
Remaining base salary
($24,150,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $2,012,500
(Total buyout cost/8 years)

Philipp Grubauer projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$24,150,000
$7,250,000 $6,800,000 $5,600,000 $4,500,000 $0 $0 $0 $0
Original Cap Hit $5,900,000 $5,900,000 $5,900,000 $5,900,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($7,250,000) ($6,800,000) ($5,600,000) ($4,500,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,012,500 $2,012,500 $2,012,500 $2,012,500 $2,012,500 $2,012,500 $2,012,500 $2,012,500
ACTUAL CAP HIT Seattle Kraken logo $662,500 $1,112,500 $2,312,500 $3,412,500 $2,012,500 $2,012,500 $2,012,500 $2,012,500
Savings $5,237,500 $4,787,500 $3,587,500 $2,487,500 $-2,012,500 $-2,012,500 $-2,012,500 $-2,012,500

Active Contract

Signing Team Seattle Kraken logo
Signing Date July 28, 2021
Signing Status UFA
Agent Allain Roy
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $35,400,000 7.15% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $5,900,000 $5,900,000 $5,900,000 $5,900,000 $5,900,000 $5,900,000
UFA
AAV $5,900,000 $5,900,000 $5,900,000 $5,900,000 $5,900,000 $5,900,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $5,000,000 $6,250,000 $7,250,000 $6,800,000 $5,600,000 $4,500,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $5,000,000 $6,250,000 $7,250,000 $6,800,000 $5,600,000 $4,500,000
Minors Salary $5,000,000 $6,250,000 $7,250,000 $6,800,000 $5,600,000 $4,500,000
Clauses NTC NTC NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
*No Trade Clause – 2021-22, 2022-23 and 2023-24 Seasons; Modified No Trade – 2024-25, 2025-26 and 2026-27 Seasons – 10 team no trade list.