Andreas Englund buyout calculator, cap hit impact

Andreas Englund Buyout Cap Implications

Birthdate January 21, 1996

If Andreas Englund 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 27 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/4 years)

Andreas Englund projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,000,000
$1,000,000 $1,000,000 $0 $0
Original Cap Hit $1,000,000 $1,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,000,000) ($1,000,000) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT Los Angeles Kings logo $333,333 $333,333 $333,333 $333,333
Savings $666,667 $666,667 $-333,333 $-333,333

Active Contract

Signing Team Los Angeles Kings logo
Signing Date July 1, 2023
Signing Status UFA
Agent J.P. Barry
Standard Contract | 2 Years $2,000,000 1.20% of cap space
2023-2024 2024-2025
Cap Hit $1,000,000 $1,000,000
UFA
AAV $1,000,000 $1,000,000
Performance Bonuses $0 $0
Base Salary $1,000,000 $1,000,000
Signing Bonuses $0 $0
Total Salary $1,000,000 $1,000,000
Minors Salary $1,000,000 $1,000,000
Clauses
UFA Year
Buy It Out Buy It Out