Martin Frk buyout calculator, cap hit impact

Martin Frk Buyout Cap Implications

Birthdate October 5, 1993

If Martin Frk 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 26 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 $966,667
Remaining base salary
($1,450,000 * 67% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $241,667
(Total buyout cost/4 years)

Martin Frk projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,450,000
$700,000 $750,000 $0 $0
Original Cap Hit $725,000 $725,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($700,000) ($750,000) ($0) ($0)
Annual Buyout Cost $241,667 $241,667 $241,667 $241,667
ACTUAL CAP HIT Los Angeles Kings logo $266,667 $216,667 $241,667 $241,667
Savings $458,333 $508,333 $-241,667 $-241,667

Active Contract

Signing Team
Signing Date February 22, 2020
Signing Status RFA
Agent Allan Walsh
Standard Contract | 2 Years $1,450,000 0.89% of cap space
2020-2021 2021-2022
Cap Hit $725,000 $725,000
UFA
AAV $725,000 $725,000
Performance Bonuses $0 $0
Base Salary $700,000 $750,000
Signing Bonuses $0 $0
Total Salary $700,000 $750,000
Minors Salary $700,000 $750,000
Clauses
UFA Year
Buy It Out Buy It Out