Joonas Korpisalo buyout calculator, cap hit impact

Joonas Korpisalo Buyout Cap Implications

Birthdate April 28, 1994

If Joonas Korpisalo 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 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 $383,333
Remaining base salary
($1,150,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $191,667
(Total buyout cost/2 years)

Joonas Korpisalo projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$1,150,000
$1,150,000 $0
Original Cap Hit $1,150,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,150,000) ($0)
Annual Buyout Cost $191,667 $191,667
ACTUAL CAP HIT Columbus Blue Jackets logo $191,667 $191,667
Savings $958,333 $-191,667

Active Contract

Signing Team
Signing Date April 17, 2020
Signing Status RFA
Agent Markus Lehto
Standard Contract | 2 Years $5,600,000 3.44% of cap space
2020-2021 2021-2022
Cap Hit $2,800,000 $2,800,000
UFA
AAV $2,800,000 $2,800,000
Performance Bonuses $0 $0
Base Salary $2,200,000 $3,400,000
Signing Bonuses $0 $0
Total Salary $2,200,000 $3,400,000
Minors Salary $2,200,000 $3,400,000
Clauses
UFA Year
Buy It Out Buy It Out