Shea Theodore buyout calculator, cap hit impact

Shea Theodore Buyout Cap Implications

Birthdate August 3, 1995

If Shea Theodore was bought out prior to the 2022-2023 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 26 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 $10,400,000
Remaining base salary
($15,600,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $1,733,333
(Total buyout cost/6 years)

Shea Theodore projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$15,600,000
$5,200,000 $5,200,000 $5,200,000 $0 $0 $0
Original Cap Hit $5,200,000 $5,200,000 $5,200,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,200,000) ($5,200,000) ($5,200,000) ($0) ($0) ($0)
Annual Buyout Cost $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333
ACTUAL CAP HIT Vegas Golden Knights logo $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333
Savings $3,466,667 $3,466,667 $3,466,667 $-1,733,333 $-1,733,333 $-1,733,333

Active Contract

Signing Team
Signing Date September 24, 2018
Signing Status RFA
Agent Craig Oster
Standard Contract | 7 Years $36,400,000 6.38% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000
UFA
AAV $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000
Minors Salary $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000 $5,200,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
5 Team No Trade