Oskar Olausson buyout calculator, cap hit impact

Oskar Olausson Buyout Cap Implications

Birthdate November 10, 2002

If Oskar Olausson 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 20 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 $832,500
Remaining base salary
($2,497,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/6 years)

Oskar Olausson projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$2,497,500
$832,500 $832,500 $832,500 $0 $0 $0
Original Cap Hit $863,334 $863,334 $863,334 $0 $0 $0
Contract Signing Bonus $92,500 $0 $0 $0 $0 $0
Contract Total Salary ($925,000) ($832,500) ($832,500) ($0) ($0) ($0)
Annual Buyout Cost $138,750 $138,750 $138,750 $138,750 $138,750 $138,750
ACTUAL CAP HIT Colorado Avalanche logo $169,584 $169,584 $169,584 $138,750 $138,750 $138,750
Savings $693,750 $693,750 $693,750 $-138,750 $-138,750 $-138,750

Active Contract

Signing Team Colorado Avalanche logo
Signing Date August 6, 2021
Agent Peter Wallen
Qualifying Offer on Expiry $874,125
Entry Level Contract | 3 Years $2,590,002 1.11% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $925,000 $894,167 $863,334 $863,334 $863,334
RFA
AAV $925,000 $894,167 $863,334 $863,334 $863,334
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $0 $0 $832,500 $832,500 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0 $0
Total Salary $92,500 $92,500 $925,000 $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