Victor Olofsson buyout calculator, cap hit impact

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Victor Olofsson Buyout Cap Implications

Birthdate July 18, 1995

If Victor Olofsson 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 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 $6,333,333
Remaining base salary
($9,500,000 * 67% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $1,583,333
(Total buyout cost/4 years)

Victor Olofsson projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$9,500,000
$4,750,000 $4,750,000 $0 $0
Original Cap Hit $4,750,000 $4,750,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($4,750,000) ($4,750,000) ($0) ($0)
Annual Buyout Cost $1,583,333 $1,583,333 $1,583,333 $1,583,333
ACTUAL CAP HIT Buffalo Sabres logo $1,583,333 $1,583,333 $1,583,333 $1,583,333
Savings $3,166,667 $3,166,667 $-1,583,333 $-1,583,333

Active Contract

Signing Team Buffalo Sabres logo
Signing Date July 13, 2022
Signing Status RFA
Agent Claude Lemieux
Standard Contract | 2 Years $9,500,000 5.76% of cap space
2022-2023 2023-2024
Cap Hit $4,750,000 $4,750,000
UFA
AAV $4,750,000 $4,750,000
Performance Bonuses $0 $0
Base Salary $4,750,000 $4,750,000
Signing Bonuses $0 $0
Total Salary $4,750,000 $4,750,000
Minors Salary $4,750,000 $4,750,000
Clauses
UFA Year
Buy It Out Buy It Out