Tyler Benson buyout calculator, cap hit impact

Tyler Benson Buyout Cap Implications

Birthdate March 15, 1998

If Tyler Benson was bought out prior to the 2019-2020 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 21 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 $544,167
Remaining base salary
($1,632,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $136,042
(Total buyout cost/4 years)

Tyler Benson projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,632,500
$800,000 $832,500 $0 $0
Original Cap Hit $808,333 $808,333 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($800,000) ($832,500) ($0) ($0)
Annual Buyout Cost $136,042 $136,042 $136,042 $136,042
ACTUAL CAP HIT Edmonton Oilers logo $144,375 $111,875 $136,042 $136,042
Savings $663,958 $696,458 $-136,042 $-136,042

Active Contract

Signing Team
Signing Date December 30, 2016
Agent Craig Oster
Entry Level Contract | 3 Years $2,424,999 1.07% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $870,000 $839,166 $808,333 $808,333 $808,333
RFA
AAV $925,000 $894,166 $863,333 $863,333 $863,333
Performance Bonuses $0 $0 $132,500 $32,500 $0
Base Salary $0 $0 $700,000 $800,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $0 $0 $792,500 $800,000 $832,500
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out