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 2025-2026 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 35 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 $3,666,667
Remaining base salary
($5,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $916,667
(Total buyout cost/4 years)

Erik Karlsson projected buyout 2025-2026 season
2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$5,500,000
$4,000,000 $1,500,000 $0 $0
Original Cap Hit $11,500,000 $11,500,000 $0 $0
Contract Signing Bonus $5,000,000 $6,000,000 $0 $0
Contract Total Salary ($9,000,000) ($7,500,000) ($0) ($0)
Annual Buyout Cost $916,667 $916,667 $916,667 $916,667
ACTUAL CAP HIT San Jose Sharks logo $8,416,667 $10,916,667 $916,667 $916,667
Savings $3,083,333 $583,333 $-916,667 $-916,667

Active Contract

Signing Team
Signing Date June 17, 2019
Signing Status UFA
Agent Craig Oster
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