Tomas Tatar buyout calculator, cap hit impact

Tomas Tatar Buyout Cap Implications

Birthdate December 1, 1990

If Tomas Tatar 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 31 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 $2,166,667
Remaining base salary
($3,250,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,083,333
(Total buyout cost/2 years)

Tomas Tatar projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$3,250,000
$3,250,000 $0
Original Cap Hit $4,500,000 $0
Contract Signing Bonus $2,000,000 $0
Contract Total Salary ($5,250,000) ($0)
Annual Buyout Cost $1,083,333 $1,083,333
ACTUAL CAP HIT New Jersey Devils logo $2,333,333 $1,083,333
Savings $2,166,667 $-1,083,333

Active Contract

Signing Team New Jersey Devils logo
Signing Date August 5, 2021
Signing Status UFA
Agent Ritchie Winter
Standard Contract | 2 Years $9,000,000 5.52% of cap space
2021-2022 2022-2023
Cap Hit $4,500,000 $4,500,000
UFA
AAV $4,500,000 $4,500,000
Performance Bonuses $0 $0
Base Salary $2,750,000 $3,250,000
Signing Bonuses $1,000,000 $2,000,000
Total Salary $3,750,000 $5,250,000
Minors Salary $3,750,000 $5,250,000
Clauses
UFA Year
Buy It Out Buy It Out