NHL Buyout Calculator

Joel Hofer

#30
age23
posG
shot
h6'5"
w179lbs
Birthdate
Jul 30, 2000
Player Profile

If Joel Hofer was bought out prior to the 2024-2025 season.

Total Cost

$775,000
Total Remaining Base Salary
33%
Buyout Multiplier
He would be 23 years old at the buyout, giving him a 33% buyout multiplier.
$258,333
Buyout Total Cost
Remaining base salary X Age Multiplier.

Annual Implications

Annual Buyout Cost
$129,167
$258K / 2yrs
Annual Cap Hit
The final cap hit for each year equals:
Cap Hit (AAV) - Base Salary + Annual Buyout Cost
2yrs
-$
-$
$
24/25
25/26
Buyout Length
Buyouts are applied evenly over 2x the years remaining on the contract.
Years Remaining 1
Contract End 2024-2025
Buyout Length 2
Buyout End 2025-2026

Buyout Summary

2024-25 2025-26
Original Cap Hit
$775K -
Base Salary
( $775K) (-)
Total Salary ( $775K) (-)
Signing Bonus - -
Annual Buyout Cost $129K $129K
ACTUAL CAP HIT
$129K
$129K
Savings
100.0%
$646K
$-129K
Click button(s) in current contract below to buyout another year from this contract.

Current Contract

2023-2025 Standard Contract
2yrs
value$1.6M
cap hit$775K
2023-24
Buy Out
2024-25
2025
Cap Hit $775K $775K
RFA
24yrs
AAV $775K $775K
Base $775K $775K
Performance Bonuses - -
Signing Bonuses - -
Total Salary $775K $775K
Minors Salary $775K $775K
Clauses
-
-
UFA Year

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