Yegor Sharangovich buyout calculator, cap hit impact

Yegor Sharangovich Buyout Cap Implications

Birthdate June 6, 1998

If Yegor Sharangovich 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 $683,333
Remaining base salary
($2,050,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $341,667
(Total buyout cost/2 years)

Yegor Sharangovich projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$2,050,000
$2,050,000 $0
Original Cap Hit $2,000,000 $0
Contract Signing Bonus $150,000 $0
Contract Total Salary ($2,200,000) ($0)
Annual Buyout Cost $341,667 $341,667
ACTUAL CAP HIT New Jersey Devils logo $291,667 $341,667
Savings $1,708,333 $-341,667

Active Contract

Signing Team New Jersey Devils logo
Signing Date August 5, 2021
Signing Status RFA
Agent Daniel Milstein
Standard Contract | 2 Years $4,000,000 2.45% of cap space
2021-2022 2022-2023
Cap Hit $2,000,000 $2,000,000
RFA
AAV $2,000,000 $2,000,000
Performance Bonuses $0 $0
Base Salary $1,650,000 $2,050,000
Signing Bonuses $150,000 $150,000
Total Salary $1,800,000 $2,200,000
Minors Salary $1,800,000 $2,200,000
Clauses
UFA Year
Buy It Out Buy It Out