Olen Zellweger buyout calculator, cap hit impact

Olen Zellweger Buyout Cap Implications

Birthdate September 10, 2003

If Olen Zellweger 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 19 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 $813,333
Remaining base salary
($2,440,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $135,556
(Total buyout cost/6 years)

Olen Zellweger projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$2,440,000
$775,000 $832,500 $832,500 $0 $0 $0
Original Cap Hit $844,167 $844,167 $844,167 $0 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0 $0 $0
Contract Total Salary ($867,500) ($832,500) ($832,500) ($0) ($0) ($0)
Annual Buyout Cost $135,556 $135,556 $135,556 $135,556 $135,556 $135,556
ACTUAL CAP HIT Anaheim Ducks logo $204,723 $147,223 $147,223 $135,556 $135,556 $135,556
Savings $639,444 $696,944 $696,944 $-135,556 $-135,556 $-135,556

Active Contract

Signing Team Anaheim Ducks logo
Signing Date August 13, 2021
Agent Dave Cowan
Qualifying Offer on Expiry $874,125
Entry Level Contract | 3 Years $2,532,501 1.07% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $897,500 $866,667 $844,167 $844,167 $844,167
RFA
AAV $925,000 $894,167 $863,334 $863,334 $863,334
Performance Bonuses $0 $0 $57,500 $0 $0
Base Salary $0 $0 $775,000 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $867,500 $832,500 $832,500
Minors Salary $0 $0 $80,000 $80,000 $80,000
Clauses
ENTRY-LEVEL SLIDE
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out