Jamie Oleksiak buyout calculator, cap hit impact

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Jamie Oleksiak Buyout Cap Implications

Birthdate December 21, 1992

If Jamie Oleksiak 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 30 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 $10,166,667
Remaining base salary
($15,250,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,694,444
(Total buyout cost/6 years)

Jamie Oleksiak projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$15,250,000
$6,000,000 $5,500,000 $3,750,000 $0 $0 $0
Original Cap Hit $4,600,000 $4,600,000 $4,600,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($5,500,000) ($3,750,000) ($0) ($0) ($0)
Annual Buyout Cost $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444 $1,694,444
ACTUAL CAP HIT Seattle Kraken logo $294,444 $794,444 $2,544,444 $1,694,444 $1,694,444 $1,694,444
Savings $4,305,556 $3,805,556 $2,055,556 $-1,694,444 $-1,694,444 $-1,694,444

Active Contract

Signing Team Seattle Kraken logo
Signing Date July 21, 2021
Signing Status UFA
Agent Wade Arnott
Standard Contract | 5 Years $23,000,000 5.58% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $4,600,000 $4,600,000 $4,600,000 $4,600,000 $4,600,000
UFA
AAV $4,600,000 $4,600,000 $4,600,000 $4,600,000 $4,600,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $3,500,000 $4,250,000 $6,000,000 $5,500,000 $3,750,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $3,500,000 $4,250,000 $6,000,000 $5,500,000 $3,750,000
Minors Salary $3,500,000 $4,250,000 $6,000,000 $5,500,000 $3,750,000
Clauses NTC NTC NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
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