Nicklas Backstrom buyout calculator, cap hit impact

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Nicklas Backstrom Buyout Cap Implications

Birthdate November 23, 1987

If Nicklas Backstrom 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 35 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 $4,666,667
Remaining base salary
($7,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,166,667
(Total buyout cost/4 years)

Nicklas Backstrom projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$7,000,000
$5,000,000 $2,000,000 $0 $0
Original Cap Hit $9,200,000 $9,200,000 $0 $0
Contract Signing Bonus $5,000,000 $6,000,000 $0 $0
Contract Total Salary ($10,000,000) ($8,000,000) ($0) ($0)
Annual Buyout Cost $1,166,667 $1,166,667 $1,166,667 $1,166,667
ACTUAL CAP HIT Washington Capitals logo $5,366,667 $8,366,667 $1,166,667 $1,166,667
Savings $3,833,333 $833,333 $-1,166,667 $-1,166,667

Active Contract

Signing Team Washington Capitals logo
Signing Date January 14, 2020
Signing Status UFA
Agent Nicklas Backstrom
Standard Contract | 5 Years $46,000,000 11.15% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $9,200,000 $9,200,000 $9,200,000 $9,200,000 $9,200,000
UFA
AAV $9,200,000 $9,200,000 $9,200,000 $9,200,000 $9,200,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $6,000,000 $5,000,000 $3,000,000 $5,000,000 $2,000,000
Signing Bonuses $6,000,000 $5,000,000 $3,000,000 $5,000,000 $6,000,000
Total Salary $12,000,000 $10,000,000 $6,000,000 $10,000,000 $8,000,000
Minors Salary $12,000,000 $10,000,000 $6,000,000 $10,000,000 $8,000,000
Clauses NMC NMC NMC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
15 team no trade list