Jaden Schwartz buyout calculator, cap hit impact

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Jaden Schwartz Buyout Cap Implications

Birthdate June 25, 1992

If Jaden Schwartz was bought out prior to the 2024-2025 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 32 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 $7,000,000
Remaining base salary
($10,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,750,000
(Total buyout cost/4 years)

Jaden Schwartz projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$10,500,000
$6,000,000 $4,500,000 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($4,500,000) ($0) ($0)
Annual Buyout Cost $1,750,000 $1,750,000 $1,750,000 $1,750,000
ACTUAL CAP HIT Seattle Kraken logo $1,250,000 $2,750,000 $1,750,000 $1,750,000
Savings $4,250,000 $2,750,000 $-1,750,000 $-1,750,000

Active Contract

Signing Team Seattle Kraken logo
Signing Date July 28, 2021
Signing Status UFA
Agent Scott Bartlett
Standard Contract | 5 Years $27,500,000 6.67% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,000,000 $6,000,000 $7,000,000 $6,000,000 $4,500,000
Signing Bonuses $0 $0 $0 $0 $0
Total Salary $4,000,000 $6,000,000 $7,000,000 $6,000,000 $4,500,000
Minors Salary $4,000,000 $6,000,000 $7,000,000 $6,000,000 $4,500,000
Clauses NMC NMC NMC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
No Move Clause – 2021-22, 2022-23 and 2023-24; Modified No Trade Clause – 2024-25 and 2025-26