Eetu Luostarinen buyout calculator, cap hit impact

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Eetu Luostarinen Buyout Cap Implications

Birthdate September 2, 1998

If Eetu Luostarinen 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 23 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 $1,000,000
Remaining base salary
($3,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $250,000
(Total buyout cost/4 years)

Eetu Luostarinen projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$3,000,000
$1,500,000 $1,500,000 $0 $0
Original Cap Hit $1,500,000 $1,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,500,000) ($1,500,000) ($0) ($0)
Annual Buyout Cost $250,000 $250,000 $250,000 $250,000
ACTUAL CAP HIT Florida Panthers logo $250,000 $250,000 $250,000 $250,000
Savings $1,250,000 $1,250,000 $-250,000 $-250,000

Active Contract

Signing Team Florida Panthers logo
Signing Date July 8, 2022
Signing Status RFA
Agent Simo Niiranen
Standard Contract | 2 Years $3,000,000 1.82% of cap space
2022-2023 2023-2024
Cap Hit $1,500,000 $1,500,000
RFA
AAV $1,500,000 $1,500,000
Performance Bonuses $0 $0
Base Salary $1,500,000 $1,500,000
Signing Bonuses $0 $0
Total Salary $1,500,000 $1,500,000
Minors Salary $1,500,000 $1,500,000
Clauses
UFA Year
Buy It Out Buy It Out