Frans Nielsen buyout calculator, cap hit impact

Frans Nielsen Buyout Cap Implications

Birthdate April 24, 1984

If Frans Nielsen was bought out prior to the 2021-2022 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 37 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 $1,000,000
Remaining base salary
($1,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $500,000
(Total buyout cost/2 years)

Frans Nielsen projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,500,000
$1,500,000 $0
Original Cap Hit $5,250,000 $0
Contract Signing Bonus $1,500,000 $0
Contract Total Salary ($3,000,000) ($0)
Annual Buyout Cost $500,000 $500,000
ACTUAL CAP HIT Detroit Red Wings logo $4,250,000 $500,000
Savings $1,000,000 $-500,000

Active Contract

Signing Team
Signing Date July 1, 2016
Signing Status UFA
Agent Marc Levine
Standard Contract | 6 Years $31,500,000 6.44% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000
UFA
AAV $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000 $5,250,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $6,000,000 $6,000,000 $5,500,000 $2,500,000 $1,500,000
Signing Bonuses $2,000,000 $0 $0 $0 $2,500,000 $1,500,000
Total Salary $6,000,000 $6,000,000 $6,000,000 $5,500,000 $5,000,000 $3,000,000
Minors Salary $6,000,000 $6,000,000 $6,000,000 $5,500,000 $5,000,000 $3,000,000
Clauses NMC NMC M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
M-NTC
NMC
UFA Year
Buy It Out Buy It Out Buy It Out