Jonas Siegenthaler buyout calculator, cap hit impact

Jonas Siegenthaler Buyout Cap Implications

Birthdate May 6, 1997

If Jonas Siegenthaler was bought out prior to the 2021-2022 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 $750,000
Remaining base salary
($2,250,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $187,500
(Total buyout cost/4 years)

Jonas Siegenthaler projected buyout 2021-2022 season
2021-2022 2022-2023 2023-2024 2024-2025
Remaining Base Salary
$2,250,000
$1,050,000 $1,200,000 $0 $0
Original Cap Hit $1,125,000 $1,125,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,050,000) ($1,200,000) ($0) ($0)
Annual Buyout Cost $187,500 $187,500 $187,500 $187,500
ACTUAL CAP HIT New Jersey Devils logo $262,500 $112,500 $187,500 $187,500
Savings $862,500 $1,012,500 $-187,500 $-187,500

Active Contract

Signing Team New Jersey Devils logo
Signing Date July 9, 2021
Signing Status RFA
Agent Allain Roy
Standard Contract | 2 Years $2,250,000 1.38% of cap space
2021-2022 2022-2023
Cap Hit $1,125,000 $1,125,000
RFA
AAV $1,125,000 $1,125,000
Performance Bonuses $0 $0
Base Salary $1,050,000 $1,200,000
Signing Bonuses $0 $0
Total Salary $1,050,000 $1,200,000
Minors Salary $1,050,000 $1,200,000
Clauses
UFA Year
Buy It Out Buy It Out