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 2021-2022 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 25 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 $700,000
Remaining base salary
($2,100,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $175,000
(Total buyout cost/4 years)

Joel Kiviranta projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,100,000
$900,000 $1,200,000 $0 $0
Original Cap Hit $1,050,000 $1,050,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($900,000) ($1,200,000) ($0) ($0)
Annual Buyout Cost $175,000 $175,000 $175,000 $175,000
ACTUAL CAP HIT Dallas Stars logo $325,000 $25,000 $175,000 $175,000
Savings $725,000 $1,025,000 $-175,000 $-175,000

Active Contract

Signing Team Dallas Stars logo
Signing Date July 31, 2021
Signing Status RFA
Agent Mika Rautakallio
Standard Contract | 2 Years $2,100,000 1.29% of cap space
2021-2022 2022-2023
Cap Hit $1,050,000 $1,050,000
UFA
AAV $1,050,000 $1,050,000
Performance Bonuses $0 $0
Base Salary $900,000 $1,200,000
Signing Bonuses $0 $0
Total Salary $900,000 $1,200,000
Minors Salary $900,000 $1,200,000
Clauses
UFA Year
Buy It Out Buy It Out