Timo Meier buyout calculator, cap hit impact

Timo Meier Buyout Cap Implications

Birthdate October 8, 1996

If Timo Meier was bought out prior to the 2020-2021 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 $4,900,000
Remaining base salary
($14,700,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $816,667
(Total buyout cost/6 years)

Timo Meier projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$14,700,000
$700,000 $4,000,000 $10,000,000 $0 $0 $0
Original Cap Hit $6,000,000 $6,000,000 $6,000,000 $0 $0 $0
Contract Signing Bonus $3,300,000 $2,000,000 $0 $0 $0 $0
Contract Total Salary ($4,000,000) ($6,000,000) ($10,000,000) ($0) ($0) ($0)
Annual Buyout Cost $816,667 $816,667 $816,667 $816,667 $816,667 $816,667
ACTUAL CAP HIT San Jose Sharks logo $6,116,667 $2,816,667 $-3,183,333 $816,667 $816,667 $816,667
Savings $-116,667 $3,183,333 $9,183,333 $-816,667 $-816,667 $-816,667

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status RFA
Agent Claude Lemieux
View Player Profile
Potential Lockout Year
Standard Contract | 4 Years $24,000,000 7.36% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000
RFA
AAV $6,000,000 $6,000,000 $6,000,000 $6,000,000
Performance Bonuses $0 $0 $0 $0
Base Salary $700,000 $700,000 $4,000,000 $10,000,000
Signing Bonuses $3,300,000 $3,300,000 $2,000,000 $0
Total Salary $4,000,000 $4,000,000 $6,000,000 $10,000,000
Minors Salary $4,000,000 $4,000,000 $6,000,000 $10,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out