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 2022-2023 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 26 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 $2,500,000
Remaining base salary
($3,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,250,000
(Total buyout cost/2 years)

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

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