Zach Gallant buyout calculator, cap hit impact

Zach Gallant Buyout Cap Implications

Birthdate March 6, 1999

If Zach Gallant 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 20 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 $716,667
Remaining base salary
($2,150,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $89,583
(Total buyout cost/8 years)

Zach Gallant projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,150,000
$0 $700,000 $700,000 $750,000 $0 $0 $0 $0
Original Cap Hit $786,667 $763,334 $763,334 $763,334 $0 $0 $0 $0
Contract Signing Bonus $70,000 $70,000 $70,000 $0 $0 $0 $0 $0
Contract Total Salary ($0) ($770,000) ($770,000) ($750,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $89,583 $89,583 $89,583 $89,583 $89,583 $89,583 $89,583 $89,583
ACTUAL CAP HIT San Jose Sharks logo $946,250 $152,917 $152,917 $102,917 $89,583 $89,583 $89,583 $89,583
Savings $-159,583 $610,417 $610,417 $660,417 $-89,583 $-89,583 $-89,583 $-89,583

Active Contract

Signing Team
Signing Date July 2, 2019
Agent David Gagner
View Player Profile
Potential Lockout Year
Entry Level Contract | 3 Years $2,360,001 0.97% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $786,667 $763,334 $763,334 $763,334
RFA
AAV $786,667 $763,334 $763,334 $763,334
Performance Bonuses $0 $0 $0 $0
Base Salary $0 $700,000 $700,000 $750,000
Signing Bonuses $70,000 $70,000 $70,000 $0
Total Salary $0 $770,000 $770,000 $750,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out