Mikael Backlund buyout calculator, cap hit impact

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Mikael Backlund Buyout Cap Implications

Birthdate March 17, 1989

If Mikael Backlund was bought out prior to the 2023-2024 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 34 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 $3,566,667
Remaining base salary
($5,350,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,783,333
(Total buyout cost/2 years)

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

Active Contract

Signing Team Calgary Flames logo
Signing Date February 16, 2018
Signing Status UFA
Agent J.P. Barry
Standard Contract | 6 Years $32,100,000 6.48% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $5,350,000 $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 $5,350,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $3,850,000 $3,850,000 $4,350,000 $5,350,000 $5,350,000 $5,350,000
Signing Bonuses $2,000,000 $2,000,000 $0 $0 $0 $0
Total Salary $5,850,000 $5,850,000 $4,350,000 $5,350,000 $5,350,000 $5,350,000
Minors Salary $5,850,000 $5,850,000 $4,350,000 $5,350,000 $5,350,000 $5,350,000
Clauses NTC NTC NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out