Andreas Johnsson buyout calculator, cap hit impact

Andreas Johnsson Buyout Cap Implications

Birthdate November 21, 1994

If Andreas Johnsson was bought out prior to the 2020-2021 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 $1,366,667
Remaining base salary
($4,100,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $227,778
(Total buyout cost/6 years)

Andreas Johnsson projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$4,100,000
$2,600,000 $750,000 $750,000 $0 $0 $0
Original Cap Hit $3,400,000 $3,400,000 $3,400,000 $0 $0 $0
Contract Signing Bonus $1,000,000 $1,750,000 $1,750,000 $0 $0 $0
Contract Total Salary ($3,600,000) ($2,500,000) ($2,500,000) ($0) ($0) ($0)
Annual Buyout Cost $227,778 $227,778 $227,778 $227,778 $227,778 $227,778
ACTUAL CAP HIT New Jersey Devils logo $1,027,778 $2,877,778 $2,877,778 $227,778 $227,778 $227,778
Savings $2,372,222 $522,222 $522,222 $-227,778 $-227,778 $-227,778

Active Contract

Signing Team
Signing Date June 22, 2019
Signing Status RFA
Agent Kevin Epp
Standard Contract | 4 Years $13,600,000 4.17% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $3,400,000 $3,400,000 $3,400,000 $3,400,000
UFA
AAV $3,400,000 $3,400,000 $3,400,000 $3,400,000
Performance Bonuses $0 $0 $0 $0
Base Salary $700,000 $2,600,000 $750,000 $750,000
Signing Bonuses $4,300,000 $1,000,000 $1,750,000 $1,750,000
Total Salary $5,000,000 $3,600,000 $2,500,000 $2,500,000
Minors Salary $5,000,000 $3,600,000 $2,500,000 $2,500,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out