Radim Simek buyout calculator, cap hit impact
Radim Simek Buyout Cap Implications
Birthdate September 20, 1992
If Radim Simek 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 30 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 $1,300,000
Remaining base salary
($1,950,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $650,000
(Total buyout cost/2 years)
Radim Simek projected buyout 2023-2024 season
2023-2024
2024-2025
Remaining Base Salary
$1,950,000
$1,950,000
$0
Original Cap Hit
$2,250,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($1,950,000)
($0)
Annual Buyout Cost
$650,000
$650,000
ACTUAL CAP HIT 
$950,000
$650,000
Savings
$1,300,000
$-650,000
Birthdate September 20, 1992
If Radim Simek 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 30 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 $1,300,000
Remaining base salary
($1,950,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $650,000
(Total buyout cost/2 years)
Radim Simek projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $1,950,000 |
$1,950,000 | $0 |
| Original Cap Hit | $2,250,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($1,950,000) | ($0) |
| Annual Buyout Cost | $650,000 | $650,000 |
| ACTUAL CAP HIT
|
$950,000 | $650,000 |
| Savings | $1,300,000 | $-650,000 |
Active Contract
Standard Contract | 4 Years $9,000,000 2.69% of cap space
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|---|
| Cap Hit | $2,250,000 | $2,250,000 | $2,250,000 | $2,250,000 | UFA |
| AAV | $2,250,000 | $2,250,000 | $2,250,000 | $2,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $2,450,000 | $2,450,000 | $2,150,000 | $1,950,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | |
| Total Salary | $2,450,000 | $2,450,000 | $2,150,000 | $1,950,000 | |
| Minors Salary | $2,450,000 | $2,450,000 | $2,150,000 | $1,950,000 | |
| Clauses | |||||
| UFA Year | |||||
| Buy It Out | |||||