Ivan Provorov buyout calculator, cap hit impact

Ivan Provorov Buyout Cap Implications

Birthdate January 13, 1997

If Ivan Provorov was bought out prior to the 2024-2025 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 27 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 $4,416,667
Remaining base salary
($6,625,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,208,333
(Total buyout cost/2 years)

This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Ivan Provorov projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$6,625,000
$6,625,000 $0
Original Cap Hit $6,750,000 $0
Contract Signing Bonus $2,000,000 $0
Contract Total Salary ($8,625,000) ($0)
Annual Buyout Cost $2,208,333 $2,208,333
ACTUAL CAP HIT Columbus Blue Jackets logo $1,633,333 $1,545,833
Savings $3,091,667 $-1,545,833
ACTUAL CAP HIT Los Angeles Kings logo $700,000 $662,500
Savings $1,325,000 $-662,500

Active Contract

Signing Team Philadelphia Flyers logo
Signing Date September 12, 2019
Signing Status RFA
Agent Mark Gandler & Todd Diamond
Standard Contract | 6 Years $40,500,000 8.08% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000
UFA
AAV $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000 $6,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $6,750,000 $2,750,000 $4,125,000 $2,750,000 $5,500,000 $6,625,000
Signing Bonuses $0 $2,000,000 $3,000,000 $2,000,000 $3,000,000 $2,000,000
Total Salary $6,750,000 $4,750,000 $7,125,000 $4,750,000 $8,500,000 $8,625,000
Minors Salary $6,750,000 $4,750,000 $7,125,000 $4,750,000 $8,500,000 $8,625,000
Clauses
UFA Year
Buy It Out Buy It Out
* Retained 30% of contract was retained by Los Angeles Kings in trade to Columbus Blue Jackets