Mika Zibanejad buyout calculator, cap hit impact

Mika Zibanejad Buyout Cap Implications

Birthdate April 18, 1993

If Mika Zibanejad 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 27 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 $4,933,333
Remaining base salary
($7,400,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,233,333
(Total buyout cost/4 years)

Mika Zibanejad projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$7,400,000
$2,650,000 $4,750,000 $0 $0
Original Cap Hit $5,350,000 $5,350,000 $0 $0
Contract Signing Bonus $2,500,000 $0 $0 $0
Contract Total Salary ($5,150,000) ($4,750,000) ($0) ($0)
Annual Buyout Cost $1,233,333 $1,233,333 $1,233,333 $1,233,333
ACTUAL CAP HIT New York Rangers logo $3,933,333 $1,833,333 $1,233,333 $1,233,333
Savings $1,416,667 $3,516,667 $-1,233,333 $-1,233,333

Active Contract

Signing Team
Signing Date July 25, 2017
Signing Status RFA
Agent Monir Kalgoum
Standard Contract | 5 Years $26,750,000 6.56% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $5,350,000 $5,350,000 $5,350,000 $5,350,000 $5,350,000
UFA
AAV $5,350,000 $5,350,000 $5,350,000 $5,350,000 $5,350,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $5,000,000 $5,500,000 $5,350,000 $2,650,000 $4,750,000
Signing Bonuses $1,000,000 $0 $0 $2,500,000 $0
Total Salary $6,000,000 $5,500,000 $5,350,000 $5,150,000 $4,750,000
Minors Salary $6,000,000 $5,500,000 $5,350,000 $5,150,000 $4,750,000
Clauses NMC NMC NMC
UFA Year
Buy It Out Buy It Out