Elvis Merzlikins buyout calculator, cap hit impact

Elvis Merzlikins Buyout Cap Implications

Birthdate April 13, 1994

If Elvis Merzlikins was bought out prior to the 2019-2020 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 25 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 $291,375
Remaining base salary
($874,125 * 33% buyout multiplier)
.

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

Annual buyout cost of $145,688
(Total buyout cost/2 years)

Elvis Merzlikins projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$874,125
$874,125 $0
Original Cap Hit $874,125 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($874,125) ($0)
Annual Buyout Cost $145,688 $145,688
ACTUAL CAP HIT Columbus Blue Jackets logo $145,688 $145,688
Savings $728,438 $-145,688

Active Contract

Signing Team
Signing Date April 23, 2020
Signing Status RFA
Agent Gerry Johannson
Standard Contract | 2 Years $8,000,000 4.91% of cap space
2020-2021 2021-2022
Cap Hit $4,000,000 $4,000,000
UFA
AAV $4,000,000 $4,000,000
Performance Bonuses $0 $0
Base Salary $3,000,000 $5,000,000
Signing Bonuses $0 $0
Total Salary $3,000,000 $5,000,000
Minors Salary $3,000,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out