Erik Kallgren buyout calculator, cap hit impact
Erik Kallgren Buyout Cap Implications
Birthdate October 14, 1996
If Erik Kallgren was bought out prior to the 2022-2023 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 $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)
Erik Kallgren projected buyout 2022-2023 season
2022-2023
2023-2024
Remaining Base Salary
$750,000
$750,000
$0
Original Cap Hit
$750,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($750,000)
($0)
Annual Buyout Cost
$125,000
$125,000
ACTUAL CAP HIT 
$125,000
$125,000
Savings
$625,000
$-125,000
Birthdate October 14, 1996
If Erik Kallgren was bought out prior to the 2022-2023 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 $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)
Erik Kallgren projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | |
|---|---|---|
| Remaining Base Salary $750,000 |
$750,000 | $0 |
| Original Cap Hit | $750,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($750,000) | ($0) |
| Annual Buyout Cost | $125,000 | $125,000 |
| ACTUAL CAP HIT
|
$125,000 | $125,000 |
| Savings | $625,000 | $-125,000 |
Active Contract
Standard Contract | 2 Years $1,500,000 0.91% of cap space
| 2021-2022 | 2022-2023 | ||
|---|---|---|---|
| Cap Hit | $750,000 | $750,000 | RFA |
| AAV | $750,000 | $750,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $750,000 | $750,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $750,000 | $750,000 | |
| Minors Salary | $350,000 | $450,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||