Eemil Viro buyout calculator, cap hit impact

Eemil Viro Buyout Cap Implications

Birthdate April 3, 2002

If Eemil Viro 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 19 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 $758,333
Remaining base salary
($2,275,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $126,389
(Total buyout cost/6 years)

Eemil Viro projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$2,275,000
$750,000 $750,000 $775,000 $0 $0 $0
Original Cap Hit $850,833 $850,833 $850,833 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0
Contract Total Salary ($842,500) ($842,500) ($867,500) ($0) ($0) ($0)
Annual Buyout Cost $126,389 $126,389 $126,389 $126,389 $126,389 $126,389
ACTUAL CAP HIT Detroit Red Wings logo $227,222 $227,222 $202,222 $126,389 $126,389 $126,389
Savings $623,611 $623,611 $648,611 $-126,389 $-126,389 $-126,389

Active Contract

Signing Team
Signing Date May 19, 2021
Agent Andrew Scott
Entry Level Contract | 3 Years $2,552,499 1.04% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $850,833 $850,833 $850,833
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $82,500 $82,500 $57,500
Base Salary $750,000 $750,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $842,500 $842,500 $867,500
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out