Aaron Ekblad buyout calculator, cap hit impact

Aaron Ekblad Buyout Cap Implications

Birthdate February 7, 1996

If Aaron Ekblad was bought out prior to the 2022-2023 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 26 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 $6,666,667
Remaining base salary
($10,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,111,111
(Total buyout cost/6 years)

Aaron Ekblad projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$10,000,000
$2,000,000 $4,000,000 $4,000,000 $0 $0 $0
Original Cap Hit $7,500,000 $7,500,000 $7,500,000 $0 $0 $0
Contract Signing Bonus $4,000,000 $3,000,000 $3,000,000 $0 $0 $0
Contract Total Salary ($6,000,000) ($7,000,000) ($7,000,000) ($0) ($0) ($0)
Annual Buyout Cost $1,111,111 $1,111,111 $1,111,111 $1,111,111 $1,111,111 $1,111,111
ACTUAL CAP HIT Florida Panthers logo $6,611,111 $4,611,111 $4,611,111 $1,111,111 $1,111,111 $1,111,111
Savings $888,889 $2,888,889 $2,888,889 $-1,111,111 $-1,111,111 $-1,111,111

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status RFA
Agent Jeff Jackson
Standard Contract | 8 Years $60,000,000 9.20% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000
UFA
AAV $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000 $7,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $4,000,000 $5,000,000 $2,000,000 $6,000,000 $2,000,000 $4,000,000 $4,000,000
Signing Bonuses $5,000,000 $3,000,000 $4,000,000 $4,000,000 $3,000,000 $4,000,000 $3,000,000 $3,000,000
Total Salary $9,000,000 $7,000,000 $9,000,000 $6,000,000 $9,000,000 $6,000,000 $7,000,000 $7,000,000
Minors Salary $9,000,000 $7,000,000 $9,000,000 $6,000,000 $9,000,000 $6,000,000 $7,000,000 $7,000,000
Clauses NMC NMC NMC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out