Jack Campbell buyout calculator, cap hit impact

Jack Campbell Buyout Cap Implications

Birthdate January 9, 1992

If Jack Campbell was bought out prior to the 2023-2024 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 31 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $12,333,333
Remaining base salary
($18,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,541,667
(Total buyout cost/8 years)

Jack Campbell projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031
Remaining Base Salary
$18,500,000
$5,000,000 $5,400,000 $4,200,000 $3,900,000 $0 $0 $0 $0
Original Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $0 $0 $0 $0
Contract Signing Bonus $1,000,000 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($5,400,000) ($4,200,000) ($3,900,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,541,667 $1,541,667 $1,541,667 $1,541,667 $1,541,667 $1,541,667 $1,541,667 $1,541,667
ACTUAL CAP HIT Edmonton Oilers logo $1,541,667 $1,141,667 $2,341,667 $2,641,667 $1,541,667 $1,541,667 $1,541,667 $1,541,667
Savings $3,458,333 $3,858,333 $2,658,333 $2,358,333 $-1,541,667 $-1,541,667 $-1,541,667 $-1,541,667

Active Contract

Signing Team Edmonton Oilers logo
Signing Date July 13, 2022
Signing Status UFA
Agent Kurt Overhardt
View Player Profile
Potential Lockout Year
Standard Contract | 5 Years $25,000,000 5.99% of cap space
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
UFA
AAV $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $3,500,000 $5,000,000 $5,400,000 $4,200,000 $3,900,000
Signing Bonuses $2,000,000 $1,000,000 $0 $0 $0
Total Salary $5,500,000 $6,000,000 $5,400,000 $4,200,000 $3,900,000
Minors Salary $5,500,000 $6,000,000 $5,400,000 $4,200,000 $3,900,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
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