Filip Hronek buyout calculator, cap hit impact

Filip Hronek Buyout Cap Implications

Birthdate November 2, 1997

If Filip Hronek was bought out prior to the 2023-2024 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 $1,833,333
Remaining base salary
($5,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $916,667
(Total buyout cost/2 years)

Filip Hronek projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$5,500,000
$5,500,000 $0
Original Cap Hit $4,400,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,500,000) ($0)
Annual Buyout Cost $916,667 $916,667
ACTUAL CAP HIT Vancouver Canucks logo $-183,333 $916,667
Savings $4,583,333 $-916,667

Active Contract

Signing Team Detroit Red Wings logo
Signing Date September 3, 2021
Signing Status RFA
Agent Allan Walsh
Qualifying Offer on Expiry $5,280,000
Standard Contract | 3 Years $13,200,000 5.27% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $4,400,000 $4,400,000 $4,400,000
RFA
AAV $4,400,000 $4,400,000 $4,400,000
Performance Bonuses $0 $0 $0
Base Salary $2,700,000 $4,500,000 $5,500,000
Signing Bonuses $500,000 $0 $0
Total Salary $3,200,000 $4,500,000 $5,500,000
Minors Salary $3,200,000 $4,500,000 $5,500,000
Clauses
UFA Year
Buy It Out