Ilya Mikheyev buyout calculator, cap hit impact

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Ilya Mikheyev Buyout Cap Implications

Birthdate October 10, 1994

If Ilya Mikheyev 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 28 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 $9,766,667
Remaining base salary
($14,650,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,627,778
(Total buyout cost/6 years)

Ilya Mikheyev projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$14,650,000
$5,350,000 $5,150,000 $4,150,000 $0 $0 $0
Original Cap Hit $4,750,000 $4,750,000 $4,750,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,350,000) ($5,150,000) ($4,150,000) ($0) ($0) ($0)
Annual Buyout Cost $1,627,778 $1,627,778 $1,627,778 $1,627,778 $1,627,778 $1,627,778
ACTUAL CAP HIT Vancouver Canucks logo $1,027,778 $1,227,778 $2,227,778 $1,627,778 $1,627,778 $1,627,778
Savings $3,722,222 $3,522,222 $2,522,222 $-1,627,778 $-1,627,778 $-1,627,778

Active Contract

Signing Team Vancouver Canucks logo
Signing Date July 13, 2022
Signing Status UFA
Agent Daniel Milstein
Standard Contract | 4 Years $19,000,000 5.76% of cap space
2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $4,750,000 $4,750,000 $4,750,000 $4,750,000
UFA
AAV $4,750,000 $4,750,000 $4,750,000 $4,750,000
Performance Bonuses $0 $0 $0 $0
Base Salary $4,350,000 $5,350,000 $5,150,000 $4,150,000
Signing Bonuses $0 $0 $0 $0
Total Salary $4,350,000 $5,350,000 $5,150,000 $4,150,000
Minors Salary $4,350,000 $5,350,000 $5,150,000 $4,150,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
12 Team No Trade throughout