Pius Suter buyout calculator, cap hit impact

Pius Suter Buyout Cap Implications

Birthdate May 24, 1996

If Pius Suter 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 $2,166,667
Remaining base salary
($6,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $541,667
(Total buyout cost/4 years)

Pius Suter projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$6,500,000
$2,750,000 $3,750,000 $0 $0
Original Cap Hit $3,250,000 $3,250,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,750,000) ($3,750,000) ($0) ($0)
Annual Buyout Cost $541,667 $541,667 $541,667 $541,667
ACTUAL CAP HIT Detroit Red Wings logo $1,041,667 $41,667 $541,667 $541,667
Savings $2,208,333 $3,208,333 $-541,667 $-541,667

Active Contract

Signing Team Detroit Red Wings logo
Signing Date July 28, 2021
Signing Status UFA no QO
Agent Georges Mueller
Standard Contract | 2 Years $6,500,000 3.99% of cap space
2021-2022 2022-2023
Cap Hit $3,250,000 $3,250,000
UFA
AAV $3,250,000 $3,250,000
Performance Bonuses $0 $0
Base Salary $2,750,000 $3,750,000
Signing Bonuses $0 $0
Total Salary $2,750,000 $3,750,000
Minors Salary $2,750,000 $3,750,000
Clauses
UFA Year
Buy It Out Buy It Out