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 2024-2025 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 $4,000,000
Remaining base salary
($6,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,000,000
(Total buyout cost/2 years)

Mikko Rantanen projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$6,000,000
$6,000,000 $0
Original Cap Hit $9,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($6,000,000) ($0)
Annual Buyout Cost $2,000,000 $2,000,000
ACTUAL CAP HIT Colorado Avalanche logo $5,250,000 $2,000,000
Savings $4,000,000 $-2,000,000

Active Contract

Signing Team
Signing Date September 28, 2019
Signing Status RFA
Agent Robert Hooper
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