Zach Parise buyout calculator, cap hit impact

Zach Parise Buyout Cap Implications

Birthdate July 28, 1984

If Zach Parise 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 38 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/4 years)

Zach Parise projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,000,000
$1,000,000 $1,000,000 $0 $0
Original Cap Hit $7,538,462 $7,538,462 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,000,000) ($1,000,000) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT Minnesota Wild logo $6,871,795 $6,871,795 $333,333 $333,333
Savings $666,667 $666,667 $-333,333 $-333,333

Active Contract

Signing Team
Signing Date July 4, 2012
Signing Status UFA
Agent Wade Arnott
Standard Contract | 13 Years $98,000,000 9.25% of cap space
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462
UFA
AAV $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462 $7,538,462
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $2,000,000 $2,000,000 $6,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $8,000,000 $6,000,000 $2,000,000 $1,000,000 $1,000,000
Signing Bonuses $10,000,000 $10,000,000 $5,000,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $12,000,000 $12,000,000 $11,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $8,000,000 $6,000,000 $2,000,000 $1,000,000 $1,000,000
Minors Salary $12,000,000 $12,000,000 $11,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $9,000,000 $8,000,000 $6,000,000 $2,000,000 $1,000,000 $1,000,000
Clauses NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out