Erik Gustafsson buyout calculator, cap hit impact


Erik Gustafsson Buyout Cap Implications

Birthdate March 14, 1992

If Erik Gustafsson 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 27 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 $666,667
Remaining base salary
($1,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/2 years)

Erik Gustafsson projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$1,000,000
$1,000,000 $0
Original Cap Hit $1,200,000 $0
Contract Signing Bonus $400,000 $0
Contract Total Salary ($1,400,000) ($0)
Annual Buyout Cost $333,333 $333,333
ACTUAL CAP HIT Chicago Blackhawks logo $533,333 $333,333
Savings $666,667 $-333,333

Active Contract

Signing Team
Signing Date March 6, 2018
Signing Status RFA
Agent Peter Wallen
Standard Contract | 2 Years $2,400,000 1.47% of cap space
2018-2019 2019-2020
Cap Hit $1,200,000 $1,200,000
UFA
AAV $1,200,000 $1,200,000
Performance Bonuses $0 $0
Base Salary $800,000 $1,000,000
Signing Bonuses $200,000 $400,000
Total Salary $1,000,000 $1,400,000
Minors Salary $1,000,000 $1,400,000
Clauses
UFA Year
Buy It Out