Ryan Reaves buyout calculator, cap hit impact

Ryan Reaves Buyout Cap Implications

Birthdate January 20, 1987

If Ryan Reaves was bought out prior to the 2020-2021 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 33 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 $2,333,333
Remaining base salary
($3,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $583,333
(Total buyout cost/4 years)

Ryan Reaves projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$3,500,000
$1,375,000 $2,125,000 $0 $0
Original Cap Hit $1,750,000 $1,750,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,375,000) ($2,125,000) ($0) ($0)
Annual Buyout Cost $583,333 $583,333 $583,333 $583,333
ACTUAL CAP HIT Vegas Golden Knights logo $958,333 $208,333 $583,333 $583,333
Savings $791,667 $1,541,667 $-583,333 $-583,333

Active Contract

Signing Team
Signing Date June 15, 2020
Signing Status UFA
Agent Kevin Epp
Standard Contract | 2 Years $3,500,000 2.15% of cap space
2020-2021 2021-2022
Cap Hit $1,750,000 $1,750,000
UFA
AAV $1,750,000 $1,750,000
Performance Bonuses $0 $0
Base Salary $1,375,000 $2,125,000
Signing Bonuses $0 $0
Total Salary $1,375,000 $2,125,000
Minors Salary $1,375,000 $2,125,000
Clauses
UFA Year
Buy It Out Buy It Out