Elias Pettersson buyout calculator, cap hit impact
Elias Pettersson Buyout Cap Implications
Birthdate November 12, 1998
If Elias Pettersson 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 24 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 $3,416,667
Remaining base salary
($10,250,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $1,708,333
(Total buyout cost/2 years)
Elias Pettersson projected buyout 2023-2024 season
2023-2024
2024-2025
Remaining Base Salary
$10,250,000
$10,250,000
$0
Original Cap Hit
$7,350,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($10,250,000)
($0)
Annual Buyout Cost
$1,708,333
$1,708,333
ACTUAL CAP HIT 
$-1,191,667
$1,708,333
Savings
$8,541,667
$-1,708,333
Birthdate November 12, 1998
If Elias Pettersson 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 24 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 $3,416,667
Remaining base salary
($10,250,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $1,708,333
(Total buyout cost/2 years)
Elias Pettersson projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $10,250,000 |
$10,250,000 | $0 |
| Original Cap Hit | $7,350,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($10,250,000) | ($0) |
| Annual Buyout Cost | $1,708,333 | $1,708,333 |
| ACTUAL CAP HIT
|
$-1,191,667 | $1,708,333 |
| Savings | $8,541,667 | $-1,708,333 |
Active Contract
Signing Team
Signing Date October 1, 2021
Signing Status RFA
Agent Pat Brisson
Qualifying Offer on Expiry $8,820,000
Signing Date October 1, 2021
Signing Status RFA
Agent Pat Brisson
Qualifying Offer on Expiry $8,820,000
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 | ||||