Oskar Steen buyout calculator, cap hit impact
Oskar Steen Buyout Cap Implications
Birthdate March 9, 1998
If Oskar Steen 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 25 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 $266,667
Remaining base salary
($800,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $133,333
(Total buyout cost/2 years)
Oskar Steen projected buyout 2023-2024 season
2023-2024
2024-2025
Remaining Base Salary
$800,000
$800,000
$0
Original Cap Hit
$800,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($800,000)
($0)
Annual Buyout Cost
$133,333
$133,333
ACTUAL CAP HIT 
$133,333
$133,333
Savings
$666,667
$-133,333
Birthdate March 9, 1998
If Oskar Steen 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 25 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 $266,667
Remaining base salary
($800,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $133,333
(Total buyout cost/2 years)
Oskar Steen projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $800,000 |
$800,000 | $0 |
| Original Cap Hit | $800,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($800,000) | ($0) |
| Annual Buyout Cost | $133,333 | $133,333 |
| ACTUAL CAP HIT
|
$133,333 | $133,333 |
| Savings | $666,667 | $-133,333 |
Active Contract
Signing Team
Signing Date April 10, 2022
Signing Status RFA
Agent Joakim Persson
Qualifying Offer on Expiry $840,000
Signing Date April 10, 2022
Signing Status RFA
Agent Joakim Persson
Qualifying Offer on Expiry $840,000
Standard Contract | 2 Years $1,600,000 0.96% of cap space
| 2022-2023 | 2023-2024 | ||
|---|---|---|---|
| Cap Hit | $800,000 | $800,000 | UFA-Group6 |
| AAV | $800,000 | $800,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $800,000 | $800,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $800,000 | $800,000 | |
| Minors Salary | $800,000 | $800,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||