Alexandar Georgiev buyout calculator, cap hit impact

Alexandar Georgiev Buyout Cap Implications

Birthdate February 10, 1996

If Alexandar Georgiev was bought out prior to the 2020-2021 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 $1,616,667
Remaining base salary
($4,850,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $404,167
(Total buyout cost/4 years)

Alexandar Georgiev projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$4,850,000
$2,200,000 $2,650,000 $0 $0
Original Cap Hit $2,425,000 $2,425,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,200,000) ($2,650,000) ($0) ($0)
Annual Buyout Cost $404,167 $404,167 $404,167 $404,167
ACTUAL CAP HIT New York Rangers logo $629,167 $179,167 $404,167 $404,167
Savings $1,795,833 $2,245,833 $-404,167 $-404,167

Active Contract

Signing Team
Signing Date October 15, 2020
Signing Status RFA
Agent Michael Liut
Standard Contract | 2 Years $4,850,000 2.98% of cap space
2020-2021 2021-2022
Cap Hit $2,425,000 $2,425,000
RFA
AAV $2,425,000 $2,425,000
Performance Bonuses $0 $0
Base Salary $2,200,000 $2,650,000
Signing Bonuses $0 $0
Total Salary $2,200,000 $2,650,000
Minors Salary $2,200,000 $2,650,000
Clauses
UFA Year
Buy It Out Buy It Out