Janne Kuokkanen buyout calculator, cap hit impact

Janne Kuokkanen Buyout Cap Implications

Birthdate May 25, 1998

If Janne Kuokkanen was bought out prior to the 2019-2020 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 21 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 $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/4 years)

Janne Kuokkanen projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,550,000
$750,000 $800,000 $0 $0
Original Cap Hit $811,667 $811,667 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0
Contract Total Salary ($842,500) ($800,000) ($0) ($0)
Annual Buyout Cost $129,167 $129,167 $129,167 $129,167
ACTUAL CAP HIT Carolina Hurricanes logo $190,834 $140,834 $129,167 $129,167
Savings $620,833 $670,833 $-129,167 $-129,167

Active Contract

Signing Team
Signing Date March 23, 2017
Agent Markus Lehto
Entry Level Contract | 3 Years $2,435,001 1.03% of cap space
2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $842,500 $811,667 $811,667 $811,667
RFA
AAV $925,000 $894,167 $894,167 $894,167
Performance Bonuses $0 $132,500 $82,500 $32,500
Base Salary $0 $700,000 $750,000 $800,000
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $0 $792,500 $842,500 $800,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out