William Borgen buyout calculator, cap hit impact

William Borgen Buyout Cap Implications

Birthdate December 19, 1996

If William Borgen 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 25 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 $300,000
Remaining base salary
($900,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $150,000
(Total buyout cost/2 years)

William Borgen projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$900,000
$900,000 $0
Original Cap Hit $900,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($900,000) ($0)
Annual Buyout Cost $150,000 $150,000
ACTUAL CAP HIT Seattle Kraken logo $150,000 $150,000
Savings $750,000 $-150,000

Active Contract

Signing Team Seattle Kraken logo
Signing Date August 5, 2021
Signing Status RFA
Agent Dean Grillo
Standard Contract | 2 Years $1,800,000 1.10% of cap space
2021-2022 2022-2023
Cap Hit $900,000 $900,000
RFA
AAV $900,000 $900,000
Performance Bonuses $0 $0
Base Salary $900,000 $900,000
Signing Bonuses $0 $0
Total Salary $900,000 $900,000
Minors Salary $900,000 $900,000
Clauses
UFA Year
Buy It Out Buy It Out
Minors Salary Unconfirmed