Pierre Engvall buyout calculator, cap hit impact

Pierre Engvall Buyout Cap Implications

Birthdate May 31, 1996

If Pierre Engvall 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 25 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 $416,667
Remaining base salary
($1,250,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $208,333
(Total buyout cost/2 years)

Pierre Engvall projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,250,000
$1,250,000 $0
Original Cap Hit $1,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,250,000) ($0)
Annual Buyout Cost $208,333 $208,333
ACTUAL CAP HIT Toronto Maple Leafs logo $208,333 $208,333
Savings $1,041,667 $-208,333

Active Contract

Signing Team
Signing Date February 12, 2020
Signing Status RFA
Agent Claude Lemieux
Standard Contract | 2 Years $2,500,000 1.53% of cap space
2020-2021 2021-2022
Cap Hit $1,250,000 $1,250,000
RFA
AAV $1,250,000 $1,250,000
Performance Bonuses $0 $0
Base Salary $1,250,000 $1,250,000
Signing Bonuses $0 $0
Total Salary $1,250,000 $1,250,000
Minors Salary $1,250,000 $1,250,000
Clauses
UFA Year
Buy It Out Buy It Out