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 2022-2023 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 24 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 $250,000
Remaining base salary
($750,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $125,000
(Total buyout cost/2 years)

Timur Ibragimov projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$750,000
$750,000 $0
Original Cap Hit $813,333 $0
Contract Signing Bonus $80,000 $0
Contract Total Salary ($830,000) ($0)
Annual Buyout Cost $125,000 $125,000
ACTUAL CAP HIT San Jose Sharks logo $188,333 $125,000
Savings $625,000 $-125,000

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