Timur Ibragimov buyout calculator, cap hit impact

Timur Ibragimov Buyout Cap Implications

Birthdate February 19, 1998

If Timur Ibragimov 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 22 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 $733,333
Remaining base salary
($2,200,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $122,222
(Total buyout cost/6 years)

Timur Ibragimov projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$2,200,000
$700,000 $750,000 $750,000 $0 $0 $0
Original Cap Hit $813,333 $813,333 $813,333 $0 $0 $0
Contract Signing Bonus $80,000 $80,000 $80,000 $0 $0 $0
Contract Total Salary ($780,000) ($830,000) ($830,000) ($0) ($0) ($0)
Annual Buyout Cost $122,222 $122,222 $122,222 $122,222 $122,222 $122,222
ACTUAL CAP HIT San Jose Sharks logo $235,555 $185,555 $185,555 $122,222 $122,222 $122,222
Savings $577,778 $627,778 $627,778 $-122,222 $-122,222 $-122,222

Active Contract

Signing Team
Signing Date May 11, 2020
Agent Maxim Moliver
Entry Level Contract | 3 Years $2,439,999 1.00% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $813,333 $813,333 $813,333
RFA
AAV $820,000 $820,000 $820,000
Performance Bonuses $20,000 $0 $0
Base Salary $700,000 $750,000 $750,000
Signing Bonuses $80,000 $80,000 $80,000
Total Salary $780,000 $830,000 $830,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out