Cody Ceci buyout calculator, cap hit impact

Cody Ceci Buyout Cap Implications

Birthdate December 21, 1993

If Cody Ceci 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 30 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 $2,333,333
Remaining base salary
($3,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,166,667
(Total buyout cost/2 years)

Cody Ceci projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$3,500,000
$3,500,000 $0
Original Cap Hit $3,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,500,000) ($0)
Annual Buyout Cost $1,166,667 $1,166,667
ACTUAL CAP HIT Edmonton Oilers logo $916,667 $1,166,667
Savings $2,333,333 $-1,166,667

Active Contract

Signing Team
Signing Date July 28, 2021
Signing Status UFA
Agent J.P. Barry
Standard Contract | 4 Years $13,000,000 3.99% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $3,250,000 $3,250,000 $3,250,000 $3,250,000
UFA
AAV $3,250,000 $3,250,000 $3,250,000 $3,250,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,000,000 $3,000,000 $4,500,000 $3,500,000
Signing Bonuses $0 $0 $0 $0
Total Salary $2,000,000 $3,000,000 $4,500,000 $3,500,000
Minors Salary $2,000,000 $3,000,000 $4,500,000 $3,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out