Otto Koivula buyout calculator, cap hit impact
Otto Koivula Buyout Cap Implications
Birthdate September 1, 1998
If Otto Koivula was bought out prior to the 2020-2021 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 21 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 $244,167
Remaining base salary
($732,500 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $122,083
(Total buyout cost/2 years)
Otto Koivula projected buyout 2020-2021 season
2020-2021
2021-2022
Remaining Base Salary
$732,500
$732,500
$0
Original Cap Hit
$786,666
$0
Contract Signing Bonus
$92,500
$0
Contract Total Salary
($825,000)
($0)
Annual Buyout Cost
$122,083
$122,083
ACTUAL CAP HIT 
$176,249
$122,083
Savings
$610,417
$-122,083
Birthdate September 1, 1998
If Otto Koivula was bought out prior to the 2020-2021 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 21 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 $244,167
Remaining base salary
($732,500 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $122,083
(Total buyout cost/2 years)
Otto Koivula projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | |
|---|---|---|
| Remaining Base Salary $732,500 |
$732,500 | $0 |
| Original Cap Hit | $786,666 | $0 |
| Contract Signing Bonus | $92,500 | $0 |
| Contract Total Salary | ($825,000) | ($0) |
| Annual Buyout Cost | $122,083 | $122,083 |
| ACTUAL CAP HIT
|
$176,249 | $122,083 |
| Savings | $610,417 | $-122,083 |
Active Contract
Entry Level Contract | 3 Years $2,359,998 0.97% of cap space
| 2018-2019 | 2019-2020 | 2020-2021 | ||
|---|---|---|---|---|
| Cap Hit | $786,666 | $786,666 | $786,666 | RFA |
| AAV | $925,000 | $925,000 | $925,000 | |
| Performance Bonuses | $182,500 | $132,500 | $100,000 | |
| Base Salary | $650,000 | $700,000 | $732,500 | |
| Signing Bonuses | $92,500 | $92,500 | $92,500 | |
| Total Salary | $742,500 | $792,500 | $825,000 | |
| Minors Salary | $70,000 | $70,000 | $70,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | ||||