Jacob Markstrom buyout calculator, cap hit impact

Jacob Markstrom Buyout Cap Implications

Birthdate January 31, 1990

If Jacob Markstrom was bought out prior to the 2019-2020 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 29 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $666,667
(Total buyout cost/2 years)

Jacob Markstrom projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$2,000,000
$2,000,000 $0
Original Cap Hit $3,666,667 $0
Contract Signing Bonus $2,000,000 $0
Contract Total Salary ($4,000,000) ($0)
Annual Buyout Cost $666,667 $666,667
ACTUAL CAP HIT Vancouver Canucks logo $2,333,334 $666,667
Savings $1,333,333 $-666,667

Active Contract

Signing Team
Signing Date July 7, 2016
Signing Status UFA
Agent Patrick Morris
Standard Contract | 3 Years $11,000,000 4.50% of cap space
2017-2018 2018-2019 2019-2020
Cap Hit $3,666,667 $3,666,667 $3,666,667
UFA
AAV $3,666,667 $3,666,667 $3,666,667
Performance Bonuses $0 $0 $0
Base Salary $1,400,000 $1,600,000 $2,000,000
Signing Bonuses $2,000,000 $2,000,000 $2,000,000
Total Salary $3,400,000 $3,600,000 $4,000,000
Minors Salary $3,400,000 $3,600,000 $4,000,000
Clauses
UFA Year
Buy It Out