Riley Sheahan buyout calculator, cap hit impact

Riley Sheahan Buyout Cap Implications

Birthdate December 7, 1991

If Riley Sheahan 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 27 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 $600,000
Remaining base salary
($900,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $300,000
(Total buyout cost/2 years)

Riley Sheahan projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$900,000
$900,000 $0
Original Cap Hit $900,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($900,000) ($0)
Annual Buyout Cost $300,000 $300,000
ACTUAL CAP HIT Edmonton Oilers logo $300,000 $300,000
Savings $600,000 $-300,000

Active Contract

Signing Team
Signing Date September 5, 2019
Signing Status UFA
Agent Pat Brisson
Standard Contract | 1 Years $900,000 1.10% of cap space
2019-2020
Cap Hit $900,000
UFA
AAV $900,000
Performance Bonuses $0
Base Salary $900,000
Signing Bonuses $0
Total Salary $900,000
Minors Salary $900,000
Clauses
UFA Year
Buy It Out