Tomas Hertl buyout calculator, cap hit impact

Tomas Hertl Buyout Cap Implications

Birthdate November 12, 1993

If Tomas Hertl 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 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 $4,166,667
Remaining base salary
($6,250,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,041,667
(Total buyout cost/4 years)

Tomas Hertl projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$6,250,000
$2,750,000 $3,500,000 $0 $0
Original Cap Hit $5,625,000 $5,625,000 $0 $0
Contract Signing Bonus $2,000,000 $2,000,000 $0 $0
Contract Total Salary ($4,750,000) ($5,500,000) ($0) ($0)
Annual Buyout Cost $1,041,667 $1,041,667 $1,041,667 $1,041,667
ACTUAL CAP HIT San Jose Sharks logo $3,916,667 $3,166,667 $1,041,667 $1,041,667
Savings $1,708,333 $2,458,333 $-1,041,667 $-1,041,667

Active Contract

Signing Team
Signing Date July 2, 2018
Signing Status RFA
Agent Craig Oster
Standard Contract | 4 Years $22,500,000 6.90% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,625,000 $5,625,000 $5,625,000 $5,625,000
UFA
AAV $5,625,000 $5,625,000 $5,625,000 $5,625,000
Performance Bonuses $0 $0 $0 $0
Base Salary $4,000,000 $4,250,000 $2,750,000 $3,500,000
Signing Bonuses $2,000,000 $2,000,000 $2,000,000 $2,000,000
Total Salary $6,000,000 $6,250,000 $4,750,000 $5,500,000
Minors Salary $6,000,000 $6,250,000 $4,750,000 $5,500,000
Clauses M-NTC M-NTC
UFA Year
Buy It Out Buy It Out