Zach Bogosian buyout calculator, cap hit impact

Zach Bogosian Buyout Cap Implications

Birthdate July 15, 1990

If Zach Bogosian 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 $700,000
Remaining base salary
($1,050,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $350,000
(Total buyout cost/2 years)

Zach Bogosian projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$1,050,000
$1,050,000 $0
Original Cap Hit $850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,050,000) ($0)
Annual Buyout Cost $350,000 $350,000
ACTUAL CAP HIT Tampa Bay Lightning logo $150,000 $350,000
Savings $700,000 $-350,000

Active Contract

Signing Team
Signing Date July 28, 2021
Signing Status UFA
Agent Darren Ferris
Standard Contract | 3 Years $2,550,000 1.04% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $850,000 $850,000 $850,000
UFA
AAV $850,000 $850,000 $850,000
Performance Bonuses $0 $0 $0
Base Salary $750,000 $750,000 $1,050,000
Signing Bonuses $0 $0 $0
Total Salary $750,000 $750,000 $1,050,000
Minors Salary $750,000 $750,000 $1,050,000
Clauses NTC NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
*No Trade Clause – 2021-22 and 2022-23 season; Modified No Trade Clause – 2023-24 season – 21 team trade list