Jason Demers buyout calculator, cap hit impact

Jason Demers Buyout Cap Implications

Birthdate June 9, 1988

If Jason Demers 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 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 $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $866,667
(Total buyout cost/2 years)

This contract has retained salary from a previous trade. The buyout costs, and savings are split between the teams as shown below
Jason Demers projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$2,600,000
$2,600,000 $0
Original Cap Hit $4,500,000 $0
Contract Signing Bonus $1,000,000 $0
Contract Total Salary ($3,600,000) ($0)
Annual Buyout Cost $866,667 $866,667
ACTUAL CAP HIT Arizona Coyotes logo $2,420,833 $758,333
Savings $1,516,667 $-758,333
ACTUAL CAP HIT Florida Panthers logo $345,833 $108,333
Savings $216,667 $-108,333

Active Contract

Signing Team
Signing Date July 2, 2016
Signing Status UFA
Agent Robert Sauve
Standard Contract | 5 Years $22,500,000 5.52% of cap space
2016-2017 2017-2018 2018-2019 2019-2020 2020-2021
Cap Hit $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
UFA
AAV $4,500,000 $4,500,000 $4,500,000 $4,500,000 $4,500,000
Performance Bonuses $0 $0 $0 $0 $0
Base Salary $4,500,000 $4,400,000 $4,400,000 $3,600,000 $2,600,000
Signing Bonuses $1,000,000 $1,000,000 $0 $0 $1,000,000
Total Salary $5,500,000 $5,400,000 $4,400,000 $3,600,000 $3,600,000
Minors Salary $5,500,000 $5,400,000 $4,400,000 $3,600,000 $3,600,000
Clauses M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out
* Retained 12.5% of contract was retained by Florida Panthers in trade to Arizona Coyotes