Caleb Jones buyout calculator, cap hit impact

Caleb Jones Buyout Cap Implications

Birthdate June 6, 1997

If Caleb Jones 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 23 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 $550,000
Remaining base salary
($1,650,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $137,500
(Total buyout cost/4 years)

Caleb Jones projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$1,650,000
$750,000 $900,000 $0 $0
Original Cap Hit $850,000 $850,000 $0 $0
Contract Signing Bonus $50,000 $0 $0 $0
Contract Total Salary ($800,000) ($900,000) ($0) ($0)
Annual Buyout Cost $137,500 $137,500 $137,500 $137,500
ACTUAL CAP HIT Edmonton Oilers logo $237,500 $87,500 $137,500 $137,500
Savings $612,500 $762,500 $-137,500 $-137,500

Active Contract

Signing Team
Signing Date January 15, 2020
Signing Status RFA
Agent Pat Brisson
Standard Contract | 2 Years $1,700,000 1.04% of cap space
2020-2021 2021-2022
Cap Hit $850,000 $850,000
RFA
AAV $850,000 $850,000
Performance Bonuses $0 $0
Base Salary $750,000 $900,000
Signing Bonuses $50,000 $0
Total Salary $800,000 $900,000
Minors Salary $800,000 $900,000
Clauses
UFA Year
Buy It Out Buy It Out