Erik Karlsson buyout calculator, cap hit impact


Erik Karlsson Buyout Cap Implications

Birthdate May 31, 1990

If Erik Karlsson 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 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 $26,000,000
Remaining base salary
($39,000,000 * 67% buyout multiplier)
.

8 years left in contract.
Buyout applied over 16 years
(2x years remaining on contract)

Annual buyout cost of $1,625,000
(Total buyout cost/16 years)

Erik Karlsson projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032 2032-2033 2033-2034 2034-2035
Remaining Base Salary
$39,000,000
$3,500,000 $2,000,000 $5,500,000 $2,000,000 $10,500,000 $10,000,000 $4,000,000 $1,500,000 $0 $0 $0 $0 $0 $0 $0 $0
Original Cap Hit $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $11,000,000 $10,000,000 $9,000,000 $10,000,000 $1,000,000 $1,000,000 $5,000,000 $6,000,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($14,500,000) ($12,000,000) ($14,500,000) ($12,000,000) ($11,500,000) ($11,000,000) ($9,000,000) ($7,500,000) ($0) ($0) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000
ACTUAL CAP HIT San Jose Sharks logo $9,625,000 $11,125,000 $7,625,000 $11,125,000 $2,625,000 $3,125,000 $9,125,000 $11,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000
Savings $1,875,000 $375,000 $3,875,000 $375,000 $8,875,000 $8,375,000 $2,375,000 $-125,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000

Active Contract

Signing Team
Signing Date June 17, 2019
Signing Status UFA
Agent Craig Oster
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $92,000,000 14.11% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000
UFA
AAV $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000 $11,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $3,500,000 $2,000,000 $5,500,000 $2,000,000 $10,500,000 $10,000,000 $4,000,000 $1,500,000
Signing Bonuses $11,000,000 $10,000,000 $9,000,000 $10,000,000 $1,000,000 $1,000,000 $5,000,000 $6,000,000
Total Salary $14,500,000 $12,000,000 $14,500,000 $12,000,000 $11,500,000 $11,000,000 $9,000,000 $7,500,000
Minors Salary $14,500,000 $12,000,000 $14,500,000 $12,000,000 $11,500,000 $11,000,000 $9,000,000 $7,500,000
Clauses NMC NMC NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out