Lars Eller buyout calculator, cap hit impact

Lars Eller Buyout Cap Implications

Birthdate May 8, 1989

If Lars Eller 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 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $5,666,667
Remaining base salary
($8,500,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $944,444
(Total buyout cost/6 years)

Lars Eller projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$8,500,000
$2,500,000 $3,000,000 $3,000,000 $0 $0 $0
Original Cap Hit $3,500,000 $3,500,000 $3,500,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,500,000) ($3,000,000) ($3,000,000) ($0) ($0) ($0)
Annual Buyout Cost $944,444 $944,444 $944,444 $944,444 $944,444 $944,444
ACTUAL CAP HIT Washington Capitals logo $1,944,444 $1,444,444 $1,444,444 $944,444 $944,444 $944,444
Savings $1,555,556 $2,055,556 $2,055,556 $-944,444 $-944,444 $-944,444

Active Contract

Signing Team
Signing Date February 10, 2018
Signing Status UFA
Agent Jarrett Bousquet
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $17,500,000 4.29% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
UFA
AAV $3,500,000 $3,500,000 $3,500,000 $3,500,000 $3,500,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,000,000 $3,000,000 $2,500,000 $3,000,000 $3,000,000
Signing Bonuses $1,000,000 $1,000,000 $0 $0 $0
Total Salary $5,000,000 $4,000,000 $2,500,000 $3,000,000 $3,000,000
Minors Salary $5,000,000 $4,000,000 $2,500,000 $3,000,000 $3,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out