Taro Hirose buyout calculator, cap hit impact

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Taro Hirose Buyout Cap Implications

Birthdate June 30, 1996

If Taro Hirose was bought out prior to the 2023-2024 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 $566,667
Remaining base salary
($850,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $283,333
(Total buyout cost/2 years)

Taro Hirose projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$850,000
$850,000 $0
Original Cap Hit $850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($850,000) ($0)
Annual Buyout Cost $283,333 $283,333
ACTUAL CAP HIT Detroit Red Wings logo $283,333 $283,333
Savings $566,667 $-283,333

Active Contract

Signing Team Detroit Red Wings logo
Signing Date May 21, 2022
Signing Status RFA
Agent Allain Roy
Standard Contract | 2 Years $1,700,000 1.03% of cap space
2022-2023 2023-2024
Cap Hit $850,000 $850,000
UFA
AAV $850,000 $850,000
Performance Bonuses $0 $0
Base Salary $850,000 $850,000
Signing Bonuses $0 $0
Total Salary $850,000 $850,000
Minors Salary $325,000 $350,000
Clauses
UFA Year
Buy It Out Buy It Out
Yr 1 350K Guaranteed, Yr 2 375K Guaranteed