Filip Zadina buyout calculator, cap hit impact

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Filip Zadina Buyout Cap Implications

Birthdate November 27, 1999

If Filip Zadina 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 22 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 $1,825,000
Remaining base salary
($5,475,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $304,167
(Total buyout cost/6 years)

Filip Zadina projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$5,475,000
$915,000 $1,830,000 $2,730,000 $0 $0 $0
Original Cap Hit $1,825,000 $1,825,000 $1,825,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($915,000) ($1,830,000) ($2,730,000) ($0) ($0) ($0)
Annual Buyout Cost $304,167 $304,167 $304,167 $304,167 $304,167 $304,167
ACTUAL CAP HIT Detroit Red Wings logo $1,214,167 $299,167 $-600,833 $304,167 $304,167 $304,167
Savings $610,833 $1,525,833 $2,425,833 $-304,167 $-304,167 $-304,167

Active Contract

Signing Team Detroit Red Wings logo
Signing Date August 26, 2022
Signing Status RFA
Agent Darren Ferris
Standard Contract | 3 Years $5,475,000 2.21% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $1,825,000 $1,825,000 $1,825,000
RFA
AAV $1,825,000 $1,825,000 $1,825,000
Performance Bonuses $0 $0 $0
Base Salary $915,000 $1,830,000 $2,730,000
Signing Bonuses $0 $0 $0
Total Salary $915,000 $1,830,000 $2,730,000
Minors Salary $915,000 $1,830,000 $2,730,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out