Troy Terry buyout calculator, cap hit impact

Troy Terry Buyout Cap Implications

Birthdate September 10, 1997

If Troy Terry 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 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 $1,000,000
Remaining base salary
($3,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $250,000
(Total buyout cost/4 years)

Troy Terry projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$3,000,000
$1,450,000 $1,550,000 $0 $0
Original Cap Hit $1,450,000 $1,450,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,450,000) ($1,550,000) ($0) ($0)
Annual Buyout Cost $250,000 $250,000 $250,000 $250,000
ACTUAL CAP HIT Anaheim Ducks logo $250,000 $150,000 $250,000 $250,000
Savings $1,200,000 $1,300,000 $-250,000 $-250,000

Active Contract

Signing Team
Signing Date July 14, 2020
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 3 Years $4,350,000 1.78% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $1,450,000 $1,450,000 $1,450,000
RFA
AAV $1,450,000 $1,450,000 $1,450,000
Performance Bonuses $0 $0 $0
Base Salary $1,350,000 $1,450,000 $1,550,000
Signing Bonuses $0 $0 $0
Total Salary $1,350,000 $1,450,000 $1,550,000
Minors Salary $1,350,000 $1,450,000 $1,550,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out