Richard Panik buyout calculator, cap hit impact

Richard Panik Buyout Cap Implications

Birthdate February 7, 1991

If Richard Panik was bought out prior to the 2019-2020 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 28 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 $6,000,000
Remaining base salary
($9,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $750,000
(Total buyout cost/8 years)

Richard Panik projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$9,000,000
$1,200,000 $2,200,000 $3,200,000 $2,400,000 $0 $0 $0 $0
Original Cap Hit $2,750,000 $2,750,000 $2,750,000 $2,750,000 $0 $0 $0 $0
Contract Signing Bonus $2,000,000 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($3,200,000) ($2,200,000) ($3,200,000) ($2,400,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $750,000 $750,000 $750,000 $750,000 $750,000 $750,000 $750,000 $750,000
ACTUAL CAP HIT Washington Capitals logo $2,300,000 $1,300,000 $300,000 $1,100,000 $750,000 $750,000 $750,000 $750,000
Savings $450,000 $1,450,000 $2,450,000 $1,650,000 $-750,000 $-750,000 $-750,000 $-750,000

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Gerry Johannson
View Player Profile
Potential Lockout Year
Standard Contract | 4 Years $11,000,000 3.37% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $2,750,000 $2,750,000 $2,750,000 $2,750,000
UFA
AAV $2,750,000 $2,750,000 $2,750,000 $2,750,000
Performance Bonuses $0 $0 $0 $0
Base Salary $1,200,000 $2,200,000 $3,200,000 $2,400,000
Signing Bonuses $2,000,000 $0 $0 $0
Total Salary $3,200,000 $2,200,000 $3,200,000 $2,400,000
Minors Salary $3,200,000 $2,200,000 $3,200,000 $2,400,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out