Nikita Okhotyuk buyout calculator, cap hit impact

Nikita Okhotyuk Buyout Cap Implications

Birthdate December 4, 2000

If Nikita Okhotyuk was bought out prior to the 2022-2023 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 21 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $508,333
Remaining base salary
($1,525,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $127,083
(Total buyout cost/4 years)

Nikita Okhotyuk projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$1,525,000
$750,000 $775,000 $0 $0
Original Cap Hit $789,167 $789,167 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($750,000) ($775,000) ($0) ($0)
Annual Buyout Cost $127,083 $127,083 $127,083 $127,083
ACTUAL CAP HIT New Jersey Devils logo $166,250 $141,250 $127,083 $127,083
Savings $622,917 $647,917 $-127,083 $-127,083

Active Contract

Signing Team
Signing Date December 30, 2019
Agent Mark Gandler & Todd Diamond
Entry Level Contract | 3 Years $2,367,501 0.99% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $809,167 $795,000 $789,167 $789,167 $789,167
RFA
AAV $925,000 $894,167 $888,333 $888,333 $888,333
Performance Bonuses $0 $0 $132,500 $82,500 $82,500
Base Salary $0 $0 $750,000 $750,000 $775,000
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $842,500 $750,000 $775,000
Minors Salary $0 $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out