Elias Pettersson buyout calculator, cap hit impact

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Elias Pettersson Buyout Cap Implications

Birthdate November 12, 1998

If Elias Pettersson 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 $6,016,667
Remaining base salary
($18,050,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $1,504,167
(Total buyout cost/4 years)

Elias Pettersson projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$18,050,000
$7,800,000 $10,250,000 $0 $0
Original Cap Hit $7,350,000 $7,350,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($7,800,000) ($10,250,000) ($0) ($0)
Annual Buyout Cost $1,504,167 $1,504,167 $1,504,167 $1,504,167
ACTUAL CAP HIT Vancouver Canucks logo $1,054,167 $-1,395,833 $1,504,167 $1,504,167
Savings $6,295,833 $8,745,833 $-1,504,167 $-1,504,167

Active Contract

Signing Team Vancouver Canucks logo
Signing Date October 1, 2021
Signing Status RFA
Agent Pat Brisson
Standard Contract | 3 Years $22,050,000 8.80% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $7,350,000 $7,350,000 $7,350,000
RFA
AAV $7,350,000 $7,350,000 $7,350,000
Performance Bonuses $0 $0 $0
Base Salary $3,000,000 $7,800,000 $10,250,000
Signing Bonuses $1,000,000 $0 $0
Total Salary $4,000,000 $7,800,000 $10,250,000
Minors Salary $4,000,000 $7,800,000 $10,250,000
Clauses
UFA Year
Buy It Out