Oliver Ekman-Larsson buyout calculator, cap hit impact

Oliver Ekman-Larsson Buyout Cap Implications

Birthdate July 17, 1991

Oliver Ekman-Larsson was bought by Vancouver Canucks logo 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 was 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $19,333,333
Remaining base salary
($29,000,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $2,416,667
(Total buyout cost/8 years)

This contract had retained salary from a previous trade. The buyout costs, and savings were split between the teams as shown below
Oliver Ekman-Larsson buyout details 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$29,000,000
$10,500,000 $8,000,000 $5,250,000 $5,250,000 $0 $0 $0 $0
Original Cap Hit $8,250,000 $8,250,000 $8,250,000 $8,250,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($10,500,000) ($8,000,000) ($5,250,000) ($5,250,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,416,667 $2,416,667 $2,416,667 $2,416,667 $2,416,667 $2,416,667 $2,416,667 $2,416,667
ACTUAL CAP HIT Vancouver Canucks logo $146,667 $2,346,667 $4,766,667 $4,766,667 $2,126,667 $2,126,667 $2,126,667 $2,126,667
Savings $7,113,333 $4,913,333 $2,493,333 $2,493,333 $-2,126,667 $-2,126,667 $-2,126,667 $-2,126,667
ACTUAL CAP HIT Arizona Coyotes logo $20,000 $320,000 $650,000 $650,000 $290,000 $290,000 $290,000 $290,000
Savings $970,000 $670,000 $340,000 $340,000 $-290,000 $-290,000 $-290,000 $-290,000

Active Contract

Signing Team Florida Panthers logo
Signing Date July 1, 2023
Signing Status UFA
Agent Kevin Epp
Standard Contract | 1 Years $2,250,000 2.69% of cap space
2023-2024
Cap Hit $2,250,000
UFA
AAV $2,250,000
Performance Bonuses $0
Base Salary $775,000
Signing Bonuses $1,475,000
Total Salary $2,250,000
Minors Salary $2,250,000
Clauses
UFA Year
Buy It Out