Tage Thompson buyout calculator, cap hit impact

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Tage Thompson Buyout Cap Implications

Birthdate October 30, 1997

If Tage Thompson 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 24 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 $533,333
Remaining base salary
($1,600,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $266,667
(Total buyout cost/2 years)

Tage Thompson projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$1,600,000
$1,600,000 $0
Original Cap Hit $1,400,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,600,000) ($0)
Annual Buyout Cost $266,667 $266,667
ACTUAL CAP HIT Buffalo Sabres logo $66,667 $266,667
Savings $1,333,333 $-266,667

Active Contract

Signing Team Buffalo Sabres logo
Signing Date August 30, 2022
Signing Status RFA
Agent Jerry Buckley
View Player Profile
Potential Lockout Year
Standard Contract | 7 Years $50,000,000 8.66% of cap space
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030
Cap Hit $7,142,858 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857
UFA
AAV $7,142,858 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $5,142,858 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857
Signing Bonuses $2,000,000 $0 $0 $0 $0 $0 $0
Total Salary $7,142,858 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857
Minors Salary $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857 $7,142,857
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
5 team No Trade List Years 2-7