Ryan Ellis buyout calculator, cap hit impact

Ryan Ellis Buyout Cap Implications

Birthdate January 3, 1991

If Ryan Ellis 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 32 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 $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,000,000
(Total buyout cost/8 years)

Ryan Ellis projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$24,000,000
$7,500,000 $6,500,000 $5,500,000 $4,500,000 $0 $0 $0 $0
Original Cap Hit $6,250,000 $6,250,000 $6,250,000 $6,250,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($7,500,000) ($6,500,000) ($5,500,000) ($4,500,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
ACTUAL CAP HIT Nashville Predators logo $750,000 $1,750,000 $2,750,000 $3,750,000 $2,000,000 $2,000,000 $2,000,000 $2,000,000
Savings $5,500,000 $4,500,000 $3,500,000 $2,500,000 $-2,000,000 $-2,000,000 $-2,000,000 $-2,000,000

Active Contract

Signing Team
Signing Date August 14, 2018
Signing Status UFA
Agent Richard Curran
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $50,000,000 7.67% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000
UFA
AAV $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $700,000 $5,300,000 $7,700,000 $5,300,000 $7,500,000 $6,500,000 $5,500,000 $4,500,000
Signing Bonuses $7,000,000 $0 $0 $0 $0 $0 $0 $0
Total Salary $7,700,000 $5,300,000 $7,700,000 $5,300,000 $7,500,000 $6,500,000 $5,500,000 $4,500,000
Minors Salary $7,700,000 $5,300,000 $7,700,000 $5,300,000 $7,500,000 $6,500,000 $5,500,000 $4,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out