Tage Thompson buyout calculator, cap hit impact

Tage Thompson Buyout Cap Implications

Birthdate October 30, 1997

If Tage Thompson 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 23 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $1,000,000
Remaining base salary
($3,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $250,000
(Total buyout cost/4 years)

Tage Thompson projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$3,000,000
$1,400,000 $1,600,000 $0 $0
Original Cap Hit $1,400,000 $1,400,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,400,000) ($1,600,000) ($0) ($0)
Annual Buyout Cost $250,000 $250,000 $250,000 $250,000
ACTUAL CAP HIT Buffalo Sabres logo $250,000 $50,000 $250,000 $250,000
Savings $1,150,000 $1,350,000 $-250,000 $-250,000

Active Contract

Signing Team
Signing Date October 5, 2020
Signing Status RFA
Agent Jerome Buckley
Standard Contract | 3 Years $4,200,000 1.72% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $1,400,000 $1,400,000 $1,400,000
RFA
AAV $1,400,000 $1,400,000 $1,400,000
Performance Bonuses $0 $0 $0
Base Salary $1,200,000 $1,400,000 $1,600,000
Signing Bonuses $0 $0 $0
Total Salary $1,200,000 $1,400,000 $1,600,000
Minors Salary $1,200,000 $1,400,000 $1,600,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out