Jake Gardiner buyout calculator, cap hit impact


Jake Gardiner Buyout Cap Implications

Birthdate July 4, 1990

If Jake Gardiner 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 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 $8,366,667
Remaining base salary
($12,550,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,394,444
(Total buyout cost/6 years)

Jake Gardiner projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$12,550,000
$3,900,000 $4,200,000 $4,450,000 $0 $0 $0
Original Cap Hit $4,050,000 $4,050,000 $4,050,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($3,900,000) ($4,200,000) ($4,450,000) ($0) ($0) ($0)
Annual Buyout Cost $1,394,444 $1,394,444 $1,394,444 $1,394,444 $1,394,444 $1,394,444
ACTUAL CAP HIT Carolina Hurricanes logo $1,544,444 $1,244,444 $994,444 $1,394,444 $1,394,444 $1,394,444
Savings $2,505,556 $2,805,556 $3,055,556 $-1,394,444 $-1,394,444 $-1,394,444

Active Contract

Signing Team
Signing Date September 6, 2019
Signing Status UFA
Agent Pat Brisson
View Player Profile
Potential Lockout Year
Standard Contract | 4 Years $16,200,000 4.97% of cap space
2019-2020 2020-2021 2021-2022 2022-2023
Cap Hit $4,050,000 $4,050,000 $4,050,000 $4,050,000
UFA
AAV $4,050,000 $4,050,000 $4,050,000 $4,050,000
Performance Bonuses $0 $0 $0 $0
Base Salary $3,650,000 $3,900,000 $4,200,000 $4,450,000
Signing Bonuses $0 $0 $0 $0
Total Salary $3,650,000 $3,900,000 $4,200,000 $4,450,000
Minors Salary $3,650,000 $3,900,000 $4,200,000 $4,450,000
Clauses M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
7 Team No Trade List