Joel Kiviranta buyout calculator, cap hit impact

Joel Kiviranta Buyout Cap Implications

Birthdate March 23, 1996

If Joel Kiviranta 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 23 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 $555,000
Remaining base salary
($1,665,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/4 years)

Joel Kiviranta projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,665,000
$832,500 $832,500 $0 $0
Original Cap Hit $922,500 $922,500 $0 $0
Contract Signing Bonus $90,000 $90,000 $0 $0
Contract Total Salary ($922,500) ($922,500) ($0) ($0)
Annual Buyout Cost $138,750 $138,750 $138,750 $138,750
ACTUAL CAP HIT Dallas Stars logo $228,750 $228,750 $138,750 $138,750
Savings $693,750 $693,750 $-138,750 $-138,750

Active Contract

Signing Team
Signing Date May 31, 2019
Agent Mika Rautakallio
Entry Level Contract | 2 Years $1,845,000 1.13% of cap space
2019-2020 2020-2021
Cap Hit $922,500 $922,500
RFA
AAV $922,500 $922,500
Performance Bonuses $0 $0
Base Salary $832,500 $832,500
Signing Bonuses $90,000 $90,000
Total Salary $922,500 $922,500
Minors Salary $70,000 $70,000
Clauses
UFA Year
Buy It Out