Tyler Johnson buyout calculator, cap hit impact

Tyler Johnson Buyout Cap Implications

Birthdate July 29, 1990

If Tyler Johnson was bought out prior to the 2023-2024 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 32 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 $3,166,667
Remaining base salary
($4,750,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,583,333
(Total buyout cost/2 years)

Tyler Johnson projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$4,750,000
$4,750,000 $0
Original Cap Hit $5,000,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,750,000) ($0)
Annual Buyout Cost $1,583,333 $1,583,333
ACTUAL CAP HIT Tampa Bay Lightning logo $1,833,333 $1,583,333
Savings $3,166,667 $-1,583,333

Active Contract

Signing Team
Signing Date July 10, 2017
Signing Status RFA
Agent J.P. Barry
Standard Contract | 7 Years $35,000,000 6.13% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $5,000,000 $6,750,000 $5,500,000 $3,750,000 $5,500,000 $3,750,000 $4,750,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $5,000,000 $6,750,000 $5,500,000 $3,750,000 $5,500,000 $3,750,000 $4,750,000
Minors Salary $5,000,000 $6,750,000 $5,500,000 $3,750,000 $5,500,000 $3,750,000 $4,750,000
Clauses NTC NTC NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out