Andrel Altybarmakyan buyout calculator, cap hit impact

Andrel Altybarmakyan Buyout Cap Implications

Birthdate August 4, 1998

If Andrel Altybarmakyan 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 22 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 $250,000
Remaining base salary
($750,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/2 years)

Andrel Altybarmakyan projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$750,000
$750,000 $0
Original Cap Hit $817,500 $0
Contract Signing Bonus $92,500 $0
Contract Total Salary ($842,500) ($0)
Annual Buyout Cost $125,000 $125,000
ACTUAL CAP HIT Chicago Blackhawks logo $192,500 $125,000
Savings $625,000 $-125,000

Active Contract

Signing Team
Signing Date April 2, 2020
Agent Daniel Milstein
Entry Level Contract | 2 Years $1,635,000 1.00% of cap space
2020-2021 2021-2022
Cap Hit $817,500 $817,500
RFA
AAV $817,500 $817,500
Performance Bonuses $132,500 $82,500
Base Salary $700,000 $750,000
Signing Bonuses $92,500 $92,500
Total Salary $792,500 $842,500
Minors Salary $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out