Vincent Trocheck buyout calculator, cap hit impact

Vincent Trocheck Buyout Cap Implications

Birthdate July 11, 1993

If Vincent Trocheck 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 25 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 $5,000,000
Remaining base salary
($15,000,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $833,333
(Total buyout cost/6 years)

Vincent Trocheck projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$15,000,000
$5,250,000 $3,500,000 $6,250,000 $0 $0 $0
Original Cap Hit $4,750,000 $4,750,000 $4,750,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,250,000) ($3,500,000) ($6,250,000) ($0) ($0) ($0)
Annual Buyout Cost $833,333 $833,333 $833,333 $833,333 $833,333 $833,333
ACTUAL CAP HIT Carolina Hurricanes logo $333,333 $2,083,333 $-666,667 $833,333 $833,333 $833,333
Savings $4,416,667 $2,666,667 $5,416,667 $-833,333 $-833,333 $-833,333

Active Contract

Signing Team
Signing Date July 2, 2016
Signing Status RFA
Agent Stephen F. Reich
Standard Contract | 6 Years $28,500,000 5.83% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000
UFA
AAV $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000 $4,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $3,750,000 $4,500,000 $5,250,000 $5,250,000 $3,500,000 $6,250,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $3,750,000 $4,500,000 $5,250,000 $5,250,000 $3,500,000 $6,250,000
Minors Salary $3,750,000 $4,500,000 $5,250,000 $5,250,000 $3,500,000 $6,250,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out