Jeremy Davies buyout calculator, cap hit impact

Jeremy Davies Buyout Cap Implications

Birthdate December 4, 1996

If Jeremy Davies 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 26 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 $516,667
Remaining base salary
($775,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $258,333
(Total buyout cost/2 years)

Jeremy Davies projected buyout 2022-2023 season
2023-2024 2024-2025
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $775,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($775,000) ($0)
Annual Buyout Cost $258,333 $258,333
ACTUAL CAP HIT Buffalo Sabres logo $258,333 $258,333
Savings $516,667 $-258,333

Active Contract

Signing Team Buffalo Sabres logo
Signing Date June 26, 2023
Signing Status UFA-Group6
Agent Ian Pulver
Standard Contract | 1 Years $775,000 0.93% of cap space
2023-2024
Cap Hit $775,000
UFA
AAV $775,000
Performance Bonuses $0
Base Salary $775,000
Signing Bonuses $0
Total Salary $775,000
Minors Salary $450,000
Clauses
UFA Year
Buy It Out
$475K Guaranteed