Anttoni Honka buyout calculator, cap hit impact

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Anttoni Honka Buyout Cap Implications

Birthdate October 5, 2000

If Anttoni Honka was bought out prior to the 2022-2023 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 $766,667
Remaining base salary
($2,300,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $127,778
(Total buyout cost/6 years)

Anttoni Honka projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,300,000
$750,000 $775,000 $775,000 $0 $0 $0
Original Cap Hit $836,667 $836,667 $836,667 $0 $0 $0
Contract Signing Bonus $85,000 $65,000 $60,000 $0 $0 $0
Contract Total Salary ($835,000) ($840,000) ($835,000) ($0) ($0) ($0)
Annual Buyout Cost $127,778 $127,778 $127,778 $127,778 $127,778 $127,778
ACTUAL CAP HIT Carolina Hurricanes logo $214,445 $189,445 $189,445 $127,778 $127,778 $127,778
Savings $622,222 $647,222 $647,222 $-127,778 $-127,778 $-127,778

Active Contract

Signing Team Carolina Hurricanes logo
Signing Date August 17, 2022
Agent Cliff Mander
Entry Level Contract | 3 Years $2,510,001 1.00% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $836,667 $836,667 $836,667
RFA
AAV $846,667 $846,667 $846,667
Performance Bonuses $15,000 $10,000 $5,000
Base Salary $750,000 $775,000 $775,000
Signing Bonuses $85,000 $65,000 $60,000
Total Salary $835,000 $840,000 $835,000
Minors Salary $80,000 $80,000 $80,000
Clauses
UFA Year
Buy It Out Buy It Out