Alexander Romanov buyout calculator, cap hit impact

Alexander Romanov Buyout Cap Implications

Birthdate January 6, 2000

If Alexander Romanov was bought out prior to the 2019-2020 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 19 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 $832,500
Remaining base salary
($2,497,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/6 years)

Alexander Romanov projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,497,500
$832,500 $832,500 $832,500 $0 $0 $0
Original Cap Hit $894,167 $894,167 $894,167 $0 $0 $0
Contract Signing Bonus $0 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($832,500) ($925,000) ($925,000) ($0) ($0) ($0)
Annual Buyout Cost $138,750 $138,750 $138,750 $138,750 $138,750 $138,750
ACTUAL CAP HIT Montreal Canadiens logo $200,417 $200,417 $200,417 $138,750 $138,750 $138,750
Savings $693,750 $693,750 $693,750 $-138,750 $-138,750 $-138,750

Active Contract

Signing Team
Signing Date July 13, 2020
Agent Daniel Milstein
Entry Level Contract | 3 Years $2,682,501 1.10% of cap space
2019-2020 2020-2021 2021-2022
Cap Hit $894,167 $894,167 $894,167
RFA
AAV $1,177,500 $1,177,500 $1,177,500
Performance Bonuses $0 $212,500 $637,500
Base Salary $832,500 $832,500 $832,500
Signing Bonuses $0 $92,500 $92,500
Total Salary $832,500 $925,000 $925,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out
European Out Clause 20-21 & 21-22 per Chris Johnston