Riley Damiani buyout calculator, cap hit impact

Riley Damiani Buyout Cap Implications

Birthdate March 20, 2000

If Riley Damiani 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 21 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 $500,000
Remaining base salary
($1,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/4 years)

Riley Damiani projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,500,000
$700,000 $800,000 $0 $0
Original Cap Hit $782,500 $782,500 $0 $0
Contract Signing Bonus $55,000 $0 $0 $0
Contract Total Salary ($755,000) ($800,000) ($0) ($0)
Annual Buyout Cost $125,000 $125,000 $125,000 $125,000
ACTUAL CAP HIT Dallas Stars logo $207,500 $107,500 $125,000 $125,000
Savings $575,000 $675,000 $-125,000 $-125,000

Active Contract

Signing Team
Signing Date April 1, 2019
Agent Kurt Overhardt
View Player Profile
Potential Lockout Year
Entry Level Contract | 3 Years $2,439,999 1.00% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $813,333 $782,500 $782,500 $782,500
RFA
AAV $901,666 $870,833 $870,833 $870,833
Performance Bonuses $0 $132,500 $132,500 $0
Base Salary $0 $700,000 $700,000 $800,000
Signing Bonuses $92,500 $92,500 $55,000 $0
Total Salary $0 $792,500 $755,000 $800,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out