John-Jason Peterka buyout calculator, cap hit impact

John-Jason Peterka Buyout Cap Implications

Birthdate January 14, 2002

If John-Jason Peterka 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 21 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 $277,500
Remaining base salary
($832,500 * 33% buyout multiplier)
.

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

Annual buyout cost of $138,750
(Total buyout cost/2 years)

John-Jason Peterka projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$832,500
$832,500 $0
Original Cap Hit $886,667 $0
Contract Signing Bonus $92,500 $0
Contract Total Salary ($925,000) ($0)
Annual Buyout Cost $138,750 $138,750
ACTUAL CAP HIT Buffalo Sabres logo $192,917 $138,750
Savings $693,750 $-138,750

Active Contract

Signing Team
Signing Date June 11, 2021
Agent Dave Maloney
Entry Level Contract | 3 Years $2,660,001 1.09% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $886,667 $886,667 $886,667
RFA
AAV $925,000 $925,000 $925,000
Performance Bonuses $82,500 $32,500 $0
Base Salary $750,000 $800,000 $832,500
Signing Bonuses $92,500 $92,500 $92,500
Total Salary $842,500 $892,500 $925,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out