Mikael Backlund buyout calculator, cap hit impact

Mikael Backlund Buyout Cap Implications

Birthdate March 17, 1989

If Mikael Backlund was bought out prior to the 2022-2023 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 33 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 $7,133,333
Remaining base salary
($10,700,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,783,333
(Total buyout cost/4 years)

Mikael Backlund projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$10,700,000
$5,350,000 $5,350,000 $0 $0
Original Cap Hit $5,350,000 $5,350,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($5,350,000) ($5,350,000) ($0) ($0)
Annual Buyout Cost $1,783,333 $1,783,333 $1,783,333 $1,783,333
ACTUAL CAP HIT Calgary Flames logo $1,783,333 $1,783,333 $1,783,333 $1,783,333
Savings $3,566,667 $3,566,667 $-1,783,333 $-1,783,333

Active Contract

Signing Team Calgary Flames logo
Signing Date September 27, 2023
Signing Status UFA
Agent J.P. Barry
Standard Contract | 2 Years $9,000,000 5.39% of cap space
2024-2025 2025-2026
Cap Hit $4,500,000 $4,500,000
UFA
AAV $4,500,000 $4,500,000
Performance Bonuses $0 $0
Base Salary $4,500,000 $4,500,000
Signing Bonuses $0 $0
Total Salary $4,500,000 $4,500,000
Minors Salary $4,500,000 $4,500,000
Clauses NMC M-NTC
NMC
UFA Year
Buy It Out Buy It Out
15 Team No Trade List beginning on January 1, 2026