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 2021-2022 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 24 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 $1,700,000
Remaining base salary
($5,100,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $850,000
(Total buyout cost/2 years)

Kevin Fiala projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$5,100,000
$5,100,000 $0
Original Cap Hit $5,100,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,100,000) ($0)
Annual Buyout Cost $850,000 $850,000
ACTUAL CAP HIT Minnesota Wild logo $850,000 $850,000
Savings $4,250,000 $-850,000

Active Contract

Signing Team Minnesota Wild logo
Signing Date August 16, 2021
Signing Status RFA
Agent Craig Oster
Standard Contract | 1 Years $5,100,000 6.26% of cap space
2021-2022
Cap Hit $5,100,000
RFA
AAV $5,100,000
Performance Bonuses $0
Base Salary $5,100,000
Signing Bonuses $0
Total Salary $5,100,000
Minors Salary $5,100,000
Clauses
UFA Year
Buy It Out