Joey Anderson buyout calculator, cap hit impact

Joey Anderson Buyout Cap Implications

Birthdate June 19, 1998

If Joey Anderson 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 24 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $266,667
Remaining base salary
($800,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $133,333
(Total buyout cost/2 years)

Joey Anderson projected buyout 2022-2023 season
2022-2023 2023-2024
Remaining Base Salary
$800,000
$800,000 $0
Original Cap Hit $750,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($800,000) ($0)
Annual Buyout Cost $133,333 $133,333
ACTUAL CAP HIT Toronto Maple Leafs logo $83,333 $133,333
Savings $666,667 $-133,333

Active Contract

Signing Team
Signing Date October 30, 2020
Signing Status RFA
Agent Jay Grossman
Standard Contract | 3 Years $2,250,000 0.92% of cap space
2020-2021 2021-2022 2022-2023
Cap Hit $750,000 $750,000 $750,000
RFA
AAV $750,000 $750,000 $750,000
Performance Bonuses $0 $0 $0
Base Salary $700,000 $750,000 $800,000
Signing Bonuses $0 $0 $0
Total Salary $700,000 $750,000 $800,000
Minors Salary $175,000 $100,000 $800,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out
2021-2022 250K Guaranteed