Nicklas Backstrom buyout calculator, cap hit impact
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 
$5,366,667
$8,366,667
$1,166,667
$1,166,667
Savings
$3,833,333
$833,333
$-1,166,667
$-1,166,667
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
|
$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
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 | ||||||