Kaedan Korczak buyout calculator, cap hit impact

Kaedan Korczak Buyout Cap Implications

Birthdate January 29, 2001

If Kaedan Korczak was bought out prior to the 2023-2024 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 22 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/2 years)

Kaedan Korczak projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $789,167 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($775,000) ($0)
Annual Buyout Cost $129,167 $129,167
ACTUAL CAP HIT Vegas Golden Knights logo $143,334 $129,167
Savings $645,833 $-129,167

Active Contract

Signing Team
Signing Date December 21, 2019
Agent Rick Valette
Entry Level Contract | 3 Years $2,367,501 0.99% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $809,167 $795,000 $789,167 $789,167 $789,167
RFA
AAV $925,000 $910,833 $905,000 $905,000 $905,000
Performance Bonuses $0 $0 $132,500 $132,500 $82,500
Base Salary $0 $0 $750,000 $750,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $842,500 $750,000 $775,000
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out