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 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 30 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 $20,666,667
Remaining base salary
($31,000,000 * 67% buyout multiplier)
.

6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)

Annual buyout cost of $1,722,222
(Total buyout cost/12 years)

Jacob Markstrom projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$31,000,000
$4,000,000 $4,000,000 $8,000,000 $8,000,000 $3,500,000 $3,500,000 $0 $0 $0 $0 $0 $0
Original Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $0 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $2,500,000 $2,500,000 $0 $0 $0 $0 $0 $0
Contract Total Salary ($4,000,000) ($4,000,000) ($8,000,000) ($8,000,000) ($6,000,000) ($6,000,000) ($0) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222
ACTUAL CAP HIT Calgary Flames logo $3,722,222 $3,722,222 $-277,778 $-277,778 $4,222,222 $4,222,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222 $1,722,222
Savings $2,277,778 $2,277,778 $6,277,778 $6,277,778 $1,777,778 $1,777,778 $-1,722,222 $-1,722,222 $-1,722,222 $-1,722,222 $-1,722,222 $-1,722,222

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status UFA
Agent Patrick Morris
Standard Contract | 6 Years $36,000,000 7.36% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
UFA
AAV $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $4,000,000 $8,000,000 $8,000,000 $3,500,000 $3,500,000
Signing Bonuses $0 $0 $0 $0 $2,500,000 $2,500,000
Total Salary $4,000,000 $4,000,000 $8,000,000 $8,000,000 $6,000,000 $6,000,000
Minors Salary $4,000,000 $4,000,000 $8,000,000 $8,000,000 $6,000,000 $6,000,000
Clauses NMC NMC NMC NMC NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out