Tyler Ennis buyout calculator, cap hit impact

Tyler Ennis Buyout Cap Implications

Birthdate October 6, 1989

Tyler Ennis was bought by Minnesota Wild logo out prior to the 2018-2019 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 was 28 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $2,433,333
Remaining base salary
($3,650,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,216,667
(Total buyout cost/2 years)

Tyler Ennis buyout details 2018-2019 season
2018-2019 2019-2020
Remaining Base Salary
$3,650,000
$3,650,000 $0
Original Cap Hit $4,600,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,650,000) ($0)
Annual Buyout Cost $1,216,667 $1,216,667
ACTUAL CAP HIT Minnesota Wild logo $2,166,667 $1,216,667
Savings $2,433,333 $-1,216,667

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent Eustace King
Standard Contract | 1 Years $1,000,000 1.23% of cap space
2020-2021
Cap Hit $1,000,000
UFA
AAV $1,000,000
Performance Bonuses $0
Base Salary $1,000,000
Signing Bonuses $0
Total Salary $1,000,000
Minors Salary $1,000,000
Clauses
UFA Year
Buy It Out