Brennan Othmann buyout calculator, cap hit impact

Brennan Othmann Buyout Cap Implications

Birthdate January 5, 2003

If Brennan Othmann was bought out prior to the 2024-2025 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 $555,000
Remaining base salary
($1,665,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/4 years)

Brennan Othmann projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$1,665,000
$832,500 $832,500 $0 $0
Original Cap Hit $863,334 $863,334 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($832,500) ($832,500) ($0) ($0)
Annual Buyout Cost $138,750 $138,750 $138,750 $138,750
ACTUAL CAP HIT New York Rangers logo $169,584 $169,584 $138,750 $138,750
Savings $693,750 $693,750 $-138,750 $-138,750

Active Contract

Signing Team New York Rangers logo
Signing Date August 12, 2021
Agent Patrick Morris
Qualifying Offer on Expiry $874,125
Entry Level Contract | 3 Years $2,590,002 1.11% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $925,000 $894,167 $863,334 $863,334 $863,334
RFA
AAV $1,375,000 $1,344,167 $1,313,334 $1,313,334 $1,313,334
Performance Bonuses $0 $0 $450,000 $450,000 $450,000
Base Salary $0 $0 $832,500 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $925,000 $832,500 $832,500
Minors Salary $0 $0 $80,000 $80,000 $80,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out