Zack Ostapchuk buyout calculator, cap hit impact

Zack Ostapchuk Buyout Cap Implications

Birthdate May 29, 2003

If Zack Ostapchuk was bought out prior to the 2021-2022 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 18 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 $785,833
Remaining base salary
($2,357,500 * 33% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $98,229
(Total buyout cost/8 years)

Zack Ostapchuk projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$2,357,500
$0 $750,000 $775,000 $832,500 $0 $0 $0 $0
Original Cap Hit $870,000 $847,500 $847,500 $847,500 $0 $0 $0 $0
Contract Signing Bonus $92,500 $92,500 $92,500 $0 $0 $0 $0 $0
Contract Total Salary ($92,500) ($842,500) ($867,500) ($832,500) ($0) ($0) ($0) ($0)
Annual Buyout Cost $98,229 $98,229 $98,229 $98,229 $98,229 $98,229 $98,229 $98,229
ACTUAL CAP HIT Ottawa Senators logo $968,229 $195,729 $170,729 $113,229 $98,229 $98,229 $98,229 $98,229
Savings $-98,229 $651,771 $676,771 $734,271 $-98,229 $-98,229 $-98,229 $-98,229

Active Contract

Signing Team Ottawa Senators logo
Signing Date September 29, 2021
Agent Gerry Johannson
Entry Level Contract | 3 Years $2,542,500 1.05% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $870,000 $847,500 $847,500 $847,500
RFA
AAV $925,000 $902,500 $902,500 $902,500
Performance Bonuses $0 $82,500 $82,500 $0
Base Salary $0 $750,000 $775,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $92,500 $842,500 $867,500 $832,500
Minors Salary $0 $80,000 $80,000 $80,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out Buy It Out