Jujhar Khaira buyout calculator, cap hit impact

Jujhar Khaira Buyout Cap Implications

Birthdate August 13, 1994

If Jujhar Khaira was bought out prior to the 2020-2021 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 $433,333
Remaining base salary
($1,300,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $216,667
(Total buyout cost/2 years)

Jujhar Khaira projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$1,300,000
$1,300,000 $0
Original Cap Hit $1,200,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,300,000) ($0)
Annual Buyout Cost $216,667 $216,667
ACTUAL CAP HIT Edmonton Oilers logo $116,667 $216,667
Savings $1,083,333 $-216,667

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 2 Years $2,400,000 1.47% of cap space
2019-2020 2020-2021
Cap Hit $1,200,000 $1,200,000
RFA
AAV $1,200,000 $1,200,000
Performance Bonuses $0 $0
Base Salary $1,100,000 $1,300,000
Signing Bonuses $0 $0
Total Salary $1,100,000 $1,300,000
Minors Salary $1,100,000 $1,300,000
Clauses
UFA Year
Buy It Out