Georgii Romanov buyout calculator, cap hit impact

Georgii Romanov Buyout Cap Implications

Birthdate December 15, 1999

If Georgii Romanov 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 23 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 $543,333
Remaining base salary
($1,630,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $135,833
(Total buyout cost/4 years)

Georgii Romanov projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$1,630,000
$775,000 $855,000 $0 $0
Original Cap Hit $910,000 $910,000 $0 $0
Contract Signing Bonus $95,000 $95,000 $0 $0
Contract Total Salary ($870,000) ($950,000) ($0) ($0)
Annual Buyout Cost $135,833 $135,833 $135,833 $135,833
ACTUAL CAP HIT San Jose Sharks logo $270,833 $190,833 $135,833 $135,833
Savings $639,167 $719,167 $-135,833 $-135,833

Active Contract

Signing Team San Jose Sharks logo
Signing Date May 3, 2023

Qualifying Offer on Expiry $897,750
Entry Level Contract | 2 Years $1,820,000 1.09% of cap space
2023-2024 2024-2025
Cap Hit $910,000 $910,000
RFA
AAV $950,000 $950,000
Performance Bonuses $80,000 $0
Base Salary $775,000 $855,000
Signing Bonuses $95,000 $95,000
Total Salary $870,000 $950,000
Minors Salary $82,500 $82,500
Clauses
UFA Year
Buy It Out Buy It Out