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 2024-2025 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 34 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 $10,333,333
Remaining base salary
($15,500,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $1,722,222
(Total buyout cost/6 years)

Erik Karlsson projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030
Remaining Base Salary
$15,500,000
$10,000,000 $4,000,000 $1,500,000 $0 $0 $0
Original Cap Hit $11,500,000 $11,500,000 $11,500,000 $0 $0 $0
Contract Signing Bonus $1,000,000 $5,000,000 $6,000,000 $0 $0 $0
Contract Total Salary ($11,000,000) ($9,000,000) ($7,500,000) ($0) ($0) ($0)
Annual Buyout Cost $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222
ACTUAL CAP HIT San Jose Sharks logo $3,222,222 $9,222,222 $11,722,222 $1,722,222 $1,722,222 $1,722,222
Savings $8,277,778 $2,277,778 $-222,222 $-1,722,222 $-1,722,222 $-1,722,222

Active Contract

Signing Team San Jose Sharks logo
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