John Gibson buyout calculator, cap hit impact

John Gibson Buyout Cap Implications

Birthdate July 14, 1993

If John Gibson 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 28 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 $21,333,333
Remaining base salary
($32,000,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $2,133,333
(Total buyout cost/10 years)

John Gibson projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$32,000,000
$6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $0 $0 $0 $0 $0
Original Cap Hit $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,400,000) ($6,400,000) ($6,400,000) ($6,400,000) ($6,400,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333
ACTUAL CAP HIT Anaheim Ducks logo $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333 $2,133,333
Savings $4,266,667 $4,266,667 $4,266,667 $4,266,667 $4,266,667 $-2,133,333 $-2,133,333 $-2,133,333 $-2,133,333 $-2,133,333

Active Contract

Signing Team
Signing Date August 4, 2018
Signing Status RFA
Agent Kurt Overhardt
Standard Contract | 8 Years $51,200,000 7.85% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000
UFA
AAV $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000
Minors Salary $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000 $6,400,000
Clauses M-NTC M-NTC M-NTC 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
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