Nikita Zaitsev buyout calculator, cap hit impact

Nikita Zaitsev Buyout Cap Implications

Birthdate October 29, 1991

If Nikita Zaitsev was bought out prior to the 2019-2020 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 $10,333,333
Remaining base salary
($15,500,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $1,033,333
(Total buyout cost/10 years)

Nikita Zaitsev projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$15,500,000
$1,500,000 $4,500,000 $4,500,000 $2,500,000 $2,500,000 $0 $0 $0 $0 $0
Original Cap Hit $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $0 $0 $0 $0 $0
Contract Signing Bonus $3,000,000 $0 $0 $2,000,000 $2,000,000 $0 $0 $0 $0 $0
Contract Total Salary ($4,500,000) ($4,500,000) ($4,500,000) ($4,500,000) ($4,500,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333
ACTUAL CAP HIT Ottawa Senators logo $4,033,333 $1,033,333 $1,033,333 $3,033,333 $3,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333 $1,033,333
Savings $466,667 $3,466,667 $3,466,667 $1,466,667 $1,466,667 $-1,033,333 $-1,033,333 $-1,033,333 $-1,033,333 $-1,033,333

Active Contract

Signing Team
Signing Date May 2, 2017
Signing Status RFA
Agent Daniel Milstein
Standard Contract | 7 Years $31,500,000 5.52% of cap space
2017-2018 2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
UFA
AAV $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $1,500,000 $1,500,000 $1,500,000 $4,500,000 $4,500,000 $2,500,000 $2,500,000
Signing Bonuses $3,000,000 $3,000,000 $3,000,000 $0 $0 $2,000,000 $2,000,000
Total Salary $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
Minors Salary $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
10 Team No Trade List