Christian Wolanin buyout calculator, cap hit impact

Christian Wolanin Buyout Cap Implications

Birthdate March 17, 1995

If Christian Wolanin 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 28 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 $1,033,333
Remaining base salary
($1,550,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $258,333
(Total buyout cost/4 years)

Christian Wolanin projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$1,550,000
$775,000 $775,000 $0 $0
Original Cap Hit $775,000 $775,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($775,000) ($775,000) ($0) ($0)
Annual Buyout Cost $258,333 $258,333 $258,333 $258,333
ACTUAL CAP HIT Vancouver Canucks logo $258,333 $258,333 $258,333 $258,333
Savings $516,667 $516,667 $-258,333 $-258,333

Active Contract

Signing Team Vancouver Canucks logo
Signing Date March 23, 2023
Signing Status UFA
Agent Pat Brisson
Standard Contract | 2 Years $1,550,000 0.93% of cap space
2023-2024 2024-2025
Cap Hit $775,000 $775,000
UFA
AAV $775,000 $775,000
Performance Bonuses $0 $0
Base Salary $775,000 $775,000
Signing Bonuses $0 $0
Total Salary $775,000 $775,000
Minors Salary $500,000 $500,000
Clauses
UFA Year
Buy It Out Buy It Out