Johan Franzen buyout calculator, cap hit impact

Johan Franzen Buyout Cap Implications

Birthdate December 23, 1979

If Johan Franzen 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 39 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $666,667
Remaining base salary
($1,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $333,333
(Total buyout cost/2 years)

Johan Franzen projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$1,000,000
$1,000,000 $0
Original Cap Hit $3,954,545 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,000,000) ($0)
Annual Buyout Cost $333,333 $333,333
ACTUAL CAP HIT Detroit Red Wings logo $3,287,878 $333,333
Savings $666,667 $-333,333

Active Contract

Signing Team
Signing Date April 11, 2009
Signing Status UFA
Agent Paul Theofanous
Standard Contract | 11 Years $43,499,995 4.85% of cap space
2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Cap Hit $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545
UFA
AAV $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545 $3,954,545
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $5,500,000 $5,000,000 $5,250,000 $5,250,000 $5,000,000 $5,000,000 $5,000,000 $3,500,000 $2,000,000 $1,000,000 $1,000,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $5,500,000 $5,000,000 $5,250,000 $5,250,000 $5,000,000 $5,000,000 $5,000,000 $3,500,000 $2,000,000 $1,000,000 $1,000,000
Minors Salary $5,000,000 $5,000,000 $5,250,000 $5,250,000 $5,000,000 $5,000,000 $5,000,000 $3,500,000 $2,000,000 $1,000,000 $1,000,000
Clauses
UFA Year
Buy It Out