Sidney Crosby buyout calculator, cap hit impact

Sidney Crosby Buyout Cap Implications

Birthdate August 7, 1987

If Sidney Crosby 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 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 $12,000,000
Remaining base salary
($18,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,500,000
(Total buyout cost/8 years)

Sidney Crosby projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$18,000,000
$9,000,000 $3,000,000 $3,000,000 $3,000,000 $0 $0 $0 $0
Original Cap Hit $8,700,000 $8,700,000 $8,700,000 $8,700,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($9,000,000) ($3,000,000) ($3,000,000) ($3,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000
ACTUAL CAP HIT Pittsburgh Penguins logo $1,200,000 $7,200,000 $7,200,000 $7,200,000 $1,500,000 $1,500,000 $1,500,000 $1,500,000
Savings $7,500,000 $1,500,000 $1,500,000 $1,500,000 $-1,500,000 $-1,500,000 $-1,500,000 $-1,500,000

Active Contract

Signing Team Pittsburgh Penguins logo
Signing Date June 28, 2012
Signing Status UFA
Agent Pat Brisson
Standard Contract | 12 Years $104,400,000 10.67% of cap space
2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000
UFA
AAV $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000 $8,700,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $12,000,000 $12,000,000 $12,000,000 $10,900,000 $10,900,000 $10,000,000 $9,000,000 $9,600,000 $9,000,000 $3,000,000 $3,000,000 $3,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $12,000,000 $12,000,000 $12,000,000 $10,900,000 $10,900,000 $10,000,000 $9,000,000 $9,600,000 $9,000,000 $3,000,000 $3,000,000 $3,000,000
Minors Salary $12,000,000 $12,000,000 $12,000,000 $10,900,000 $10,900,000 $10,000,000 $9,000,000 $9,600,000 $9,000,000 $3,000,000 $3,000,000 $3,000,000
Clauses NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out