Elvis Merzlikins buyout calculator, cap hit impact

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Elvis Merzlikins Buyout Cap Implications

Birthdate April 13, 1994

If Elvis Merzlikins 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 29 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $14,500,000
Remaining base salary
($21,750,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,812,500
(Total buyout cost/8 years)

Elvis Merzlikins projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$21,750,000
$6,000,000 $6,000,000 $5,525,000 $4,225,000 $0 $0 $0 $0
Original Cap Hit $5,400,000 $5,400,000 $5,400,000 $5,400,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($6,000,000) ($5,525,000) ($4,225,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,812,500 $1,812,500 $1,812,500 $1,812,500 $1,812,500 $1,812,500 $1,812,500 $1,812,500
ACTUAL CAP HIT Columbus Blue Jackets logo $1,212,500 $1,212,500 $1,687,500 $2,987,500 $1,812,500 $1,812,500 $1,812,500 $1,812,500
Savings $4,187,500 $4,187,500 $3,712,500 $2,412,500 $-1,812,500 $-1,812,500 $-1,812,500 $-1,812,500

Active Contract

Signing Team Columbus Blue Jackets logo
Signing Date September 21, 2021
Signing Status UFA
Agent Gerry Johannson
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $27,000,000 6.55% of cap space
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $5,400,000 $5,400,000 $5,400,000 $5,400,000 $5,400,000
UFA
AAV $5,400,000 $5,400,000 $5,400,000 $5,400,000 $5,400,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,250,000 $6,000,000 $6,000,000 $5,525,000 $4,225,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $5,250,000 $6,000,000 $6,000,000 $5,525,000 $4,225,000
Minors Salary $5,250,000 $6,000,000 $6,000,000 $5,525,000 $4,225,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
10 Team No Trade