Mikko Rantanen buyout calculator, cap hit impact
Mikko Rantanen Buyout Cap Implications
Birthdate October 29, 1996
If Mikko Rantanen 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 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 $10,333,333
Remaining base salary
($15,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,583,333
(Total buyout cost/4 years)
Mikko Rantanen projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$15,500,000
$9,500,000
$6,000,000
$0
$0
Original Cap Hit
$9,250,000
$9,250,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($9,500,000)
($6,000,000)
($0)
($0)
Annual Buyout Cost
$2,583,333
$2,583,333
$2,583,333
$2,583,333
ACTUAL CAP HIT 
$2,333,333
$5,833,333
$2,583,333
$2,583,333
Savings
$6,916,667
$3,416,667
$-2,583,333
$-2,583,333
Birthdate October 29, 1996
If Mikko Rantanen 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 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 $10,333,333
Remaining base salary
($15,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $2,583,333
(Total buyout cost/4 years)
Mikko Rantanen projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $15,500,000 |
$9,500,000 | $6,000,000 | $0 | $0 |
| Original Cap Hit | $9,250,000 | $9,250,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($9,500,000) | ($6,000,000) | ($0) | ($0) |
| Annual Buyout Cost | $2,583,333 | $2,583,333 | $2,583,333 | $2,583,333 |
| ACTUAL CAP HIT
|
$2,333,333 | $5,833,333 | $2,583,333 | $2,583,333 |
| Savings | $6,916,667 | $3,416,667 | $-2,583,333 | $-2,583,333 |
Active Contract
Standard Contract | 6 Years $55,500,000 11.35% of cap space
| 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|---|---|---|
| Cap Hit | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | UFA |
| AAV | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | $9,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $12,000,000 | $12,000,000 | $10,000,000 | $6,000,000 | $9,500,000 | $6,000,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $12,000,000 | $12,000,000 | $10,000,000 | $6,000,000 | $9,500,000 | $6,000,000 | |
| Minors Salary | $12,000,000 | $12,000,000 | $10,000,000 | $6,000,000 | $9,500,000 | $6,000,000 | |
| Clauses | |||||||
| UFA Year | |||||||
| Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | |||