Jack Eichel buyout calculator, cap hit impact

Jack Eichel Buyout Cap Implications

Birthdate October 28, 1996

If Jack Eichel 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 24 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 $14,166,667
Remaining base salary
($42,500,000 * 33% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $1,416,667
(Total buyout cost/10 years)

Jack Eichel projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$42,500,000
$10,000,000 $2,500,000 $10,000,000 $10,000,000 $10,000,000 $0 $0 $0 $0 $0
Original Cap Hit $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $7,500,000 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($10,000,000) ($10,000,000) ($10,000,000) ($10,000,000) ($10,000,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667
ACTUAL CAP HIT Vegas Golden Knights logo $1,416,667 $8,916,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667 $1,416,667
Savings $8,583,333 $1,083,333 $8,583,333 $8,583,333 $8,583,333 $-1,416,667 $-1,416,667 $-1,416,667 $-1,416,667 $-1,416,667

Active Contract

Signing Team Buffalo Sabres logo
Signing Date October 3, 2017
Signing Status RFA
Agent Peter Fish
Standard Contract | 8 Years $80,000,000 12.27% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000
UFA
AAV $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $10,000,000 $10,000,000 $2,500,000 $10,000,000 $2,500,000 $10,000,000 $10,000,000 $10,000,000
Signing Bonuses $0 $0 $7,500,000 $0 $7,500,000 $0 $0 $0
Total Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000
Minors Salary $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000 $10,000,000
Clauses NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
Contract was negotiated & signed by Peter Fish, but player now represented by Pat Brisson, CAA