Alexander Khovanov buyout calculator, cap hit impact

Alexander Khovanov Buyout Cap Implications

Birthdate April 12, 2000

If Alexander Khovanov was bought out prior to the 2021-2022 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 21 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 $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/4 years)

Alexander Khovanov projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$1,550,000
$775,000 $775,000 $0 $0
Original Cap Hit $811,667 $811,667 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0
Contract Total Salary ($867,500) ($775,000) ($0) ($0)
Annual Buyout Cost $129,167 $129,167 $129,167 $129,167
ACTUAL CAP HIT Minnesota Wild logo $165,834 $165,834 $129,167 $129,167
Savings $645,833 $645,833 $-129,167 $-129,167

Active Contract

Signing Team
Signing Date March 19, 2019
Agent Patrick Morris
Entry Level Contract | 3 Years $2,435,001 1.03% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $842,500 $811,667 $811,667 $811,667
RFA
AAV $925,000 $894,167 $894,167 $894,167
Performance Bonuses $0 $132,500 $57,500 $57,500
Base Salary $0 $700,000 $775,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $92,500 $792,500 $867,500 $775,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out