Jake Muzzin buyout calculator, cap hit impact

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Jake Muzzin Buyout Cap Implications

Birthdate February 21, 1989

If Jake Muzzin was bought out prior to the 2022-2023 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 33 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 $2,666,667
Remaining base salary
($4,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $666,667
(Total buyout cost/4 years)

Jake Muzzin projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$4,000,000
$2,000,000 $2,000,000 $0 $0
Original Cap Hit $5,625,000 $5,625,000 $0 $0
Contract Signing Bonus $2,000,000 $2,000,000 $0 $0
Contract Total Salary ($4,000,000) ($4,000,000) ($0) ($0)
Annual Buyout Cost $666,667 $666,667 $666,667 $666,667
ACTUAL CAP HIT Toronto Maple Leafs logo $4,291,667 $4,291,667 $666,667 $666,667
Savings $1,333,333 $1,333,333 $-666,667 $-666,667

Active Contract

Signing Team Toronto Maple Leafs logo
Signing Date February 24, 2020
Signing Status UFA
Agent Joseph Resnick
Standard Contract | 4 Years $22,500,000 6.82% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $5,625,000 $5,625,000 $5,625,000 $5,625,000
UFA
AAV $5,625,000 $5,625,000 $5,625,000 $5,625,000
Performance Bonuses $0 $0 $0 $0
Base Salary $700,000 $1,000,000 $2,000,000 $2,000,000
Signing Bonuses $7,300,000 $5,500,000 $2,000,000 $2,000,000
Total Salary $8,000,000 $6,500,000 $4,000,000 $4,000,000
Minors Salary $8,000,000 $6,500,000 $4,000,000 $4,000,000
Clauses NMC NTC NTC M-NTC
UFA Year
Buy It Out Buy It Out