Slater Koekkoek buyout calculator, cap hit impact

Slater Koekkoek Buyout Cap Implications

Birthdate February 18, 1994

If Slater Koekkoek 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 26 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $566,667
Remaining base salary
($850,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $283,333
(Total buyout cost/2 years)

Slater Koekkoek projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$850,000
$850,000 $0
Original Cap Hit $850,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($850,000) ($0)
Annual Buyout Cost $283,333 $283,333
ACTUAL CAP HIT Edmonton Oilers logo $283,333 $283,333
Savings $566,667 $-283,333

Active Contract

Signing Team
Signing Date December 26, 2020
Signing Status UFA no QO
Agent Ritchie Winter
Standard Contract | 1 Years $850,000 1.04% of cap space
2020-2021
Cap Hit $850,000
UFA
AAV $850,000
Performance Bonuses $0
Base Salary $850,000
Signing Bonuses $0
Total Salary $850,000
Minors Salary $850,000
Clauses
UFA Year
Buy It Out