Kevin Fiala buyout calculator, cap hit impact

Kevin Fiala Buyout Cap Implications

Birthdate July 22, 1996

If Kevin Fiala 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 23 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 $1,166,667
Remaining base salary
($3,500,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $583,333
(Total buyout cost/2 years)

Kevin Fiala projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,500,000
$3,500,000 $0
Original Cap Hit $3,000,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,500,000) ($0)
Annual Buyout Cost $583,333 $583,333
ACTUAL CAP HIT Minnesota Wild logo $83,333 $583,333
Savings $2,916,667 $-583,333

Active Contract

Signing Team
Signing Date September 11, 2019
Signing Status RFA
Agent Craig Oster
Standard Contract | 2 Years $6,000,000 3.68% of cap space
2019-2020 2020-2021
Cap Hit $3,000,000 $3,000,000
RFA
AAV $3,000,000 $3,000,000
Performance Bonuses $0 $0
Base Salary $2,500,000 $3,500,000
Signing Bonuses $0 $0
Total Salary $2,500,000 $3,500,000
Minors Salary $2,500,000 $3,500,000
Clauses
UFA Year
Buy It Out