Elias Salomonsson buyout calculator, cap hit impact

Northstar Bets Northstar Bets

Elias Salomonsson Buyout Cap Implications

Birthdate August 31, 2004

If Elias Salomonsson 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 17 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)

Elias Salomonsson projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,275,000
$750,000 $775,000 $750,000 $0 $0 $0
Original Cap Hit $870,000 $870,000 $870,000 $0 $0 $0
Contract Signing Bonus $95,000 $95,000 $95,000 $0 $0 $0
Contract Total Salary ($845,000) ($870,000) ($845,000) ($0) ($0) ($0)
Annual Buyout Cost $126,389 $126,389 $126,389 $126,389 $126,389 $126,389
ACTUAL CAP HIT Winnipeg Jets logo $246,389 $221,389 $246,389 $126,389 $126,389 $126,389
Savings $623,611 $648,611 $623,611 $-126,389 $-126,389 $-126,389

Active Contract

Signing Team Winnipeg Jets logo
Signing Date July 16, 2022
Agent Peter Wallen
Entry Level Contract | 3 Years $2,610,000 1.05% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $870,000 $870,000 $870,000
RFA
AAV $950,000 $950,000 $950,000
Performance Bonuses $105,000 $80,000 $55,000
Base Salary $750,000 $775,000 $750,000
Signing Bonuses $95,000 $95,000 $95,000
Total Salary $845,000 $870,000 $845,000
Minors Salary $82,500 $82,500 $82,500
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out