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 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 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 $23,466,667
Remaining base salary
($35,200,000 * 67% buyout multiplier)
.

8 years left in contract.
Buyout applied over 16 years
(2x years remaining on contract)

Annual buyout cost of $1,466,667
(Total buyout cost/16 years)

Timo Meier projected buyout 2022-2023 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 2034-2035 2035-2036 2036-2037 2037-2038 2038-2039
Remaining Base Salary
$35,200,000
$6,000,000 $5,350,000 $5,000,000 $3,350,000 $2,200,000 $2,200,000 $3,900,000 $7,200,000 $0 $0 $0 $0 $0 $0 $0 $0
Original Cap Hit $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $6,000,000 $5,750,000 $5,750,000 $4,400,000 $5,000,000 $5,000,000 $3,300,000 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($12,000,000) ($11,100,000) ($10,750,000) ($7,750,000) ($7,200,000) ($7,200,000) ($7,200,000) ($7,200,000) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667
ACTUAL CAP HIT New Jersey Devils logo $4,266,667 $4,916,667 $5,266,667 $6,916,667 $8,066,667 $8,066,667 $6,366,667 $3,066,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667 $1,466,667
Savings $4,533,333 $3,883,333 $3,533,333 $1,883,333 $733,333 $733,333 $2,433,333 $5,733,333 $-1,466,667 $-1,466,667 $-1,466,667 $-1,466,667 $-1,466,667 $-1,466,667 $-1,466,667 $-1,466,667

Active Contract

Signing Team New Jersey Devils logo
Signing Date June 28, 2023
Signing Status RFA
Agent Claude Lemieux
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $70,400,000 10.54% of cap space
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Cap Hit $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000
UFA
AAV $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000 $8,800,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $6,000,000 $5,350,000 $5,000,000 $3,350,000 $2,200,000 $2,200,000 $3,900,000 $7,200,000
Signing Bonuses $6,000,000 $5,750,000 $5,750,000 $4,400,000 $5,000,000 $5,000,000 $3,300,000 $0
Total Salary $12,000,000 $11,100,000 $10,750,000 $7,750,000 $7,200,000 $7,200,000 $7,200,000 $7,200,000
Minors Salary $12,000,000 $11,100,000 $10,750,000 $7,750,000 $7,200,000 $7,200,000 $7,200,000 $7,200,000
Clauses NMC NMC NMC NMC M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
Yrs 2-5: NMC; Yrs 6-8: 15 team No Trade, NMC