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
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
Remaining Base Salary
$29,025,000
$8,000,000
$8,000,000
$7,000,000
$6,025,000
$0
$0
$0
$0
Original Cap Hit
$7,575,000
$7,575,000
$7,575,000
$7,575,000
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($8,000,000)
($8,000,000)
($7,000,000)
($6,025,000)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$2,418,750
$2,418,750
$2,418,750
$2,418,750
$2,418,750
$2,418,750
$2,418,750
$2,418,750
ACTUAL CAP HIT 
$1,993,750
$1,993,750
$2,993,750
$3,968,750
$2,418,750
$2,418,750
$2,418,750
$2,418,750
Savings
$5,581,250
$5,581,250
$4,581,250
$3,606,250
$-2,418,750
$-2,418,750
$-2,418,750
$-2,418,750
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
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | |
|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $29,025,000 |
$8,000,000 | $8,000,000 | $7,000,000 | $6,025,000 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $7,575,000 | $7,575,000 | $7,575,000 | $7,575,000 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($8,000,000) | ($8,000,000) | ($7,000,000) | ($6,025,000) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 |
| ACTUAL CAP HIT
|
$1,993,750 | $1,993,750 | $2,993,750 | $3,968,750 | $2,418,750 | $2,418,750 | $2,418,750 | $2,418,750 |
| Savings | $5,581,250 | $5,581,250 | $4,581,250 | $3,606,250 | $-2,418,750 | $-2,418,750 | $-2,418,750 | $-2,418,750 |
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 | ||||||||