Travis Sanheim buyout calculator, cap hit impact

Travis Sanheim Buyout Cap Implications

Birthdate March 29, 1996

If Travis Sanheim 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 $3,566,667
Remaining base salary
($5,350,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,783,333
(Total buyout cost/2 years)

Travis Sanheim projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$5,350,000
$5,350,000 $0
Original Cap Hit $4,675,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,350,000) ($0)
Annual Buyout Cost $1,783,333 $1,783,333
ACTUAL CAP HIT Philadelphia Flyers logo $1,108,333 $1,783,333
Savings $3,566,667 $-1,783,333

Active Contract

Signing Team Philadelphia Flyers logo
Signing Date August 21, 2021
Signing Status RFA
Agent Craig Oster
Standard Contract | 2 Years $9,350,000 5.74% of cap space
2021-2022 2022-2023
Cap Hit $4,675,000 $4,675,000
UFA
AAV $4,675,000 $4,675,000
Performance Bonuses $0 $0
Base Salary $4,000,000 $5,350,000
Signing Bonuses $0 $0
Total Salary $4,000,000 $5,350,000
Minors Salary $4,000,000 $5,350,000
Clauses
UFA Year
Buy It Out Buy It Out