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 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 24 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 $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $258,333
(Total buyout cost/2 years)

Troy Terry projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$1,550,000
$1,550,000 $0
Original Cap Hit $1,450,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,550,000) ($0)
Annual Buyout Cost $258,333 $258,333
ACTUAL CAP HIT Anaheim Ducks logo $158,333 $258,333
Savings $1,291,667 $-258,333

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