Tyler Pitlick buyout calculator, cap hit impact

Tyler Pitlick Buyout Cap Implications

Birthdate November 1, 1991

If Tyler Pitlick 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 31 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 $525,000
Remaining base salary
($787,500 * 67% buyout multiplier)
.

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

Annual buyout cost of $262,500
(Total buyout cost/2 years)

Tyler Pitlick projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$787,500
$787,500 $0
Original Cap Hit $787,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($787,500) ($0)
Annual Buyout Cost $262,500 $262,500
ACTUAL CAP HIT New York Rangers logo $262,500 $262,500
Savings $525,000 $-262,500

Active Contract

Signing Team New York Rangers logo
Signing Date July 1, 2023
Signing Status UFA
Agent Ben Hankinson
Standard Contract | 1 Years $787,500 0.94% of cap space
2023-2024
Cap Hit $787,500
UFA
AAV $787,500
Performance Bonuses $0
Base Salary $787,500
Signing Bonuses $0
Total Salary $787,500
Minors Salary $787,500
Clauses
UFA Year
Buy It Out