Jared Spurgeon buyout calculator, cap hit impact
Jared Spurgeon Buyout Cap Implications
Birthdate November 29, 1989
If Jared Spurgeon was bought out prior to the 2023-2024 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 $19,350,000
Remaining base salary
($29,025,000 * 67% buyout multiplier).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $2,418,750
(Total buyout cost/8 years)
Jared Spurgeon projected buyout 2023-2024 season

Birthdate November 29, 1989
If Jared Spurgeon was bought out prior to the 2023-2024 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 $19,350,000
Remaining base salary
($29,025,000 * 67% buyout multiplier).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $2,418,750
(Total buyout cost/8 years)
Jared Spurgeon projected buyout 2023-2024 season
Active Contract
Standard Contract | 7 Years $53,025,000 9.29% of cap space
2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | ||
---|---|---|---|---|---|---|---|---|
Cap Hit | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | UFA |
AAV | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | |
Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Base Salary | $5,000,000 | $5,000,000 | $6,000,000 | $8,000,000 | $8,000,000 | $7,000,000 | $6,025,000 | |
Signing Bonuses | $4,000,000 | $4,000,000 | $0 | $0 | $0 | $0 | $0 | |
Total Salary | $9,000,000 | $9,000,000 | $6,000,000 | $8,000,000 | $8,000,000 | $7,000,000 | $6,025,000 | |
Minors Salary | $9,000,000 | $9,000,000 | $6,000,000 | $8,000,000 | $8,000,000 | $7,000,000 | $6,025,000 | |
Clauses | NMC | NMC | NMC | NMC | M-NTC | M-NTC | M-NTC | |
UFA Year | ||||||||
Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | ||
Years 5-7: 10 Team No Trade per Michael Russo |