Mikael Granlund buyout calculator, cap hit impact

Mikael Granlund Buyout Cap Implications

Birthdate February 26, 1992

If Mikael Granlund was bought out prior to the 2021-2022 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 29 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 $13,333,333
Remaining base salary
($20,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,666,667
(Total buyout cost/8 years)

Mikael Granlund projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$20,000,000
$4,000,000 $5,000,000 $6,000,000 $5,000,000 $0 $0 $0 $0
Original Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($4,000,000) ($5,000,000) ($6,000,000) ($5,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667
ACTUAL CAP HIT Nashville Predators logo $2,666,667 $1,666,667 $666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667 $1,666,667
Savings $2,333,333 $3,333,333 $4,333,333 $3,333,333 $-1,666,667 $-1,666,667 $-1,666,667 $-1,666,667

Active Contract

Signing Team
Signing Date July 28, 2021
Signing Status UFA
Agent Mark Gandler & Todd Diamond
Standard Contract | 4 Years $20,000,000 6.13% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000 $5,000,000 $5,000,000
Performance Bonuses $0 $0 $0 $0
Base Salary $4,000,000 $5,000,000 $6,000,000 $5,000,000
Signing Bonuses $0 $0 $0 $0
Total Salary $4,000,000 $5,000,000 $6,000,000 $5,000,000
Minors Salary $4,000,000 $5,000,000 $6,000,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out