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 2024-2025 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 19 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 $250,000
Remaining base salary
($750,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/2 years)

Elias Salomonsson projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$750,000
$750,000 $0
Original Cap Hit $870,000 $0
Contract Signing Bonus $95,000 $0
Contract Total Salary ($845,000) ($0)
Annual Buyout Cost $125,000 $125,000
ACTUAL CAP HIT Winnipeg Jets logo $245,000 $125,000
Savings $625,000 $-125,000

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