Tyler Myers buyout calculator, cap hit impact

Tyler Myers Buyout Cap Implications

Birthdate February 1, 1990

If Tyler Myers was bought out prior to the 2020-2021 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 30 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 $8,666,667
Remaining base salary
($13,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,083,333
(Total buyout cost/8 years)

Tyler Myers projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$13,000,000
$5,000,000 $2,000,000 $5,000,000 $1,000,000 $0 $0 $0 $0
Original Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0
Contract Signing Bonus $0 $5,000,000 $0 $5,000,000 $0 $0 $0 $0
Contract Total Salary ($5,000,000) ($7,000,000) ($5,000,000) ($6,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333
ACTUAL CAP HIT Vancouver Canucks logo $2,083,333 $5,083,333 $2,083,333 $6,083,333 $1,083,333 $1,083,333 $1,083,333 $1,083,333
Savings $3,916,667 $916,667 $3,916,667 $-83,333 $-1,083,333 $-1,083,333 $-1,083,333 $-1,083,333

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent J.P. Barry
Standard Contract | 5 Years $30,000,000 7.36% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
UFA
AAV $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $1,000,000 $5,000,000 $2,000,000 $5,000,000 $1,000,000
Signing Bonuses $6,000,000 $0 $5,000,000 $0 $5,000,000
Total Salary $7,000,000 $5,000,000 $7,000,000 $5,000,000 $6,000,000
Minors Salary $7,000,000 $5,000,000 $7,000,000 $5,000,000 $6,000,000
Clauses NMC NTC NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
NMC 19-20, NTC 20-21 & 21-22, Modified NTC 22-23 & 23-24 (10 Team No Trade List)