Elias Salomonsson buyout calculator, cap hit impact

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Elias Salomonsson Buyout Cap Implications

Birthdate August 31, 2004

If Elias Salomonsson 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 18 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 $508,333
Remaining base salary
($1,525,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $127,083
(Total buyout cost/4 years)

Elias Salomonsson projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$1,525,000
$775,000 $750,000 $0 $0
Original Cap Hit $870,000 $870,000 $0 $0
Contract Signing Bonus $95,000 $95,000 $0 $0
Contract Total Salary ($870,000) ($845,000) ($0) ($0)
Annual Buyout Cost $127,083 $127,083 $127,083 $127,083
ACTUAL CAP HIT Winnipeg Jets logo $222,083 $247,083 $127,083 $127,083
Savings $647,917 $622,917 $-127,083 $-127,083

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