Teuvo Teravainen buyout calculator, cap hit impact

Teuvo Teravainen Buyout Cap Implications

Birthdate September 11, 1994

If Teuvo Teravainen was bought out prior to the 2021-2022 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 $11,000,000
Remaining base salary
($16,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,833,333
(Total buyout cost/6 years)

Teuvo Teravainen projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$16,500,000
$5,875,000 $4,750,000 $5,875,000 $0 $0 $0
Original Cap Hit $5,400,000 $5,400,000 $5,400,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($5,875,000) ($4,750,000) ($5,875,000) ($0) ($0) ($0)
Annual Buyout Cost $1,833,333 $1,833,333 $1,833,333 $1,833,333 $1,833,333 $1,833,333
ACTUAL CAP HIT Carolina Hurricanes logo $1,358,333 $2,483,333 $1,358,333 $1,833,333 $1,833,333 $1,833,333
Savings $4,041,667 $2,916,667 $4,041,667 $-1,833,333 $-1,833,333 $-1,833,333

Active Contract

Signing Team Carolina Hurricanes logo
Signing Date January 21, 2019
Signing Status RFA
Agent Markus Lehto
Standard Contract | 5 Years $27,000,000 6.63% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $5,400,000 $5,400,000 $5,400,000 $5,400,000 $5,400,000
UFA
AAV $5,400,000 $5,400,000 $5,400,000 $5,400,000 $5,400,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $6,250,000 $4,250,000 $5,875,000 $4,750,000 $5,875,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $6,250,000 $4,250,000 $5,875,000 $4,750,000 $5,875,000
Minors Salary $6,250,000 $4,250,000 $5,875,000 $4,750,000 $5,875,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out