Travis Konecny buyout calculator, cap hit impact

Travis Konecny Buyout Cap Implications

Birthdate March 11, 1997

If Travis Konecny 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 $7,333,333
Remaining base salary
($22,000,000 * 33% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $733,333
(Total buyout cost/10 years)

Travis Konecny projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030
Remaining Base Salary
$22,000,000
$3,000,000 $5,250,000 $3,750,000 $6,000,000 $4,000,000 $0 $0 $0 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $0 $0 $0 $0 $0
Contract Signing Bonus $2,000,000 $0 $2,000,000 $0 $3,000,000 $0 $0 $0 $0 $0
Contract Total Salary ($5,000,000) ($5,250,000) ($5,750,000) ($6,000,000) ($7,000,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $733,333 $733,333 $733,333 $733,333 $733,333 $733,333 $733,333 $733,333 $733,333 $733,333
ACTUAL CAP HIT Philadelphia Flyers logo $3,233,333 $983,333 $2,483,333 $233,333 $2,233,333 $733,333 $733,333 $733,333 $733,333 $733,333
Savings $2,266,667 $4,516,667 $3,016,667 $5,266,667 $3,266,667 $-733,333 $-733,333 $-733,333 $-733,333 $-733,333

Active Contract

Signing Team
Signing Date September 16, 2019
Signing Status RFA
Agent Mark Guy
Standard Contract | 6 Years $33,000,000 6.75% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $1,000,000 $3,000,000 $5,250,000 $3,750,000 $6,000,000 $4,000,000
Signing Bonuses $3,000,000 $2,000,000 $0 $2,000,000 $0 $3,000,000
Total Salary $4,000,000 $5,000,000 $5,250,000 $5,750,000 $6,000,000 $7,000,000
Minors Salary $4,000,000 $5,000,000 $5,250,000 $5,750,000 $6,000,000 $7,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out