Janne Kuokkanen buyout calculator, cap hit impact
Janne Kuokkanen Buyout Cap Implications
Birthdate May 25, 1998
Janne Kuokkanen was bought by 
out prior to the 2022-2023 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 was 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 was $650,000
Remaining base salary
($1,950,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $325,000
(Total buyout cost/2 years)
Janne Kuokkanen buyout details 2022-2023 season
2022-2023
2023-2024
Remaining Base Salary
$1,950,000
$1,950,000
$0
Original Cap Hit
$1,825,000
$0
Contract Signing Bonus
$100,000
$0
Contract Total Salary
($2,050,000)
($0)
Annual Buyout Cost
$325,000
$325,000
ACTUAL CAP HIT
$200,000
$325,000
Savings
$1,625,000
$-325,000
Birthdate May 25, 1998
Janne Kuokkanen was bought by
out prior to the 2022-2023 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 was 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 was $650,000
Remaining base salary
($1,950,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $325,000
(Total buyout cost/2 years)
Janne Kuokkanen buyout details 2022-2023 season
| 2022-2023 | 2023-2024 | |
|---|---|---|
| Remaining Base Salary $1,950,000 |
$1,950,000 | $0 |
| Original Cap Hit | $1,825,000 | $0 |
| Contract Signing Bonus | $100,000 | $0 |
| Contract Total Salary | ($2,050,000) | ($0) |
| Annual Buyout Cost | $325,000 | $325,000 |
| ACTUAL CAP HIT
|
$200,000 | $325,000 |
| Savings | $1,625,000 | $-325,000 |