T.J. Oshie buyout calculator, cap hit impact

T.J. Oshie Buyout Cap Implications

Birthdate December 23, 1986

If T.J. Oshie 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 34 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 $8,333,333
Remaining base salary
($12,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,041,667
(Total buyout cost/8 years)

T.J. Oshie projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$12,500,000
$3,000,000 $2,500,000 $4,000,000 $3,000,000 $0 $0 $0 $0
Original Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $0 $0 $0 $0
Contract Signing Bonus $3,000,000 $2,000,000 $1,000,000 $1,000,000 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($4,500,000) ($5,000,000) ($4,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,041,667 $1,041,667 $1,041,667 $1,041,667 $1,041,667 $1,041,667 $1,041,667 $1,041,667
ACTUAL CAP HIT Washington Capitals logo $3,791,667 $4,291,667 $2,791,667 $3,791,667 $1,041,667 $1,041,667 $1,041,667 $1,041,667
Savings $1,958,333 $1,458,333 $2,958,333 $1,958,333 $-1,041,667 $-1,041,667 $-1,041,667 $-1,041,667

Active Contract

Signing Team
Signing Date June 23, 2017
Signing Status UFA
Agent Matthew Oates
Standard Contract | 8 Years $46,000,000 7.06% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
UFA
AAV $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $3,500,000 $3,500,000 $2,500,000 $3,000,000 $2,500,000 $4,000,000 $3,000,000
Signing Bonuses $4,000,000 $4,000,000 $3,000,000 $2,000,000 $3,000,000 $2,000,000 $1,000,000 $1,000,000
Total Salary $8,000,000 $7,500,000 $6,500,000 $4,500,000 $6,000,000 $4,500,000 $5,000,000 $4,000,000
Minors Salary $8,000,000 $7,500,000 $6,500,000 $4,500,000 $6,000,000 $4,500,000 $5,000,000 $4,000,000
Clauses M-NTC M-NTC 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