Akito Hirose buyout calculator, cap hit impact

Akito Hirose Buyout Cap Implications

Birthdate April 9, 1999

If Akito Hirose 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 24 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 $525,000
Remaining base salary
($1,575,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $131,250
(Total buyout cost/4 years)

Akito Hirose projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$1,575,000
$775,000 $800,000 $0 $0
Original Cap Hit $787,500 $787,500 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($775,000) ($800,000) ($0) ($0)
Annual Buyout Cost $131,250 $131,250 $131,250 $131,250
ACTUAL CAP HIT Vancouver Canucks logo $143,750 $118,750 $131,250 $131,250
Savings $643,750 $668,750 $-131,250 $-131,250

Active Contract

Signing Team Vancouver Canucks logo
Signing Date July 2, 2023
Signing Status RFA
Agent Allain Roy
Qualifying Offer on Expiry $840,000
Standard Contract | 2 Years $1,575,000 0.94% of cap space
2023-2024 2024-2025
Cap Hit $787,500 $787,500
RFA
AAV $787,500 $787,500
Performance Bonuses $0 $0
Base Salary $775,000 $800,000
Signing Bonuses $0 $0
Total Salary $775,000 $800,000
Minors Salary $350,000 $800,000
Clauses
UFA Year
Buy It Out Buy It Out