Jordan Binnington buyout calculator, cap hit impact

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Jordan Binnington Buyout Cap Implications

Birthdate July 11, 1993

If Jordan Binnington was bought out prior to the 2024-2025 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 30 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 $12,333,333
Remaining base salary
($18,500,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $2,055,556
(Total buyout cost/6 years)

Jordan Binnington projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030
Remaining Base Salary
$18,500,000
$7,500,000 $6,500,000 $4,500,000 $0 $0 $0
Original Cap Hit $6,000,000 $6,000,000 $6,000,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($7,500,000) ($6,500,000) ($4,500,000) ($0) ($0) ($0)
Annual Buyout Cost $2,055,556 $2,055,556 $2,055,556 $2,055,556 $2,055,556 $2,055,556
ACTUAL CAP HIT St. Louis Blues logo $555,556 $1,555,556 $3,555,556 $2,055,556 $2,055,556 $2,055,556
Savings $5,444,444 $4,444,444 $2,444,444 $-2,055,556 $-2,055,556 $-2,055,556

Active Contract

Signing Team St. Louis Blues logo
Signing Date March 11, 2021
Signing Status UFA
Agent Robert Hooper
View Player Profile
Potential Lockout Year
Standard Contract | 6 Years $36,000,000 7.27% of cap space
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
UFA
AAV $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000 $6,000,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $6,000,000 $7,500,000 $7,500,000 $6,500,000 $4,500,000
Signing Bonuses $0 $0 $0 $0 $0 $0
Total Salary $4,000,000 $6,000,000 $7,500,000 $7,500,000 $6,500,000 $4,500,000
Minors Salary $4,000,000 $6,000,000 $7,500,000 $7,500,000 $6,500,000 $4,500,000
Clauses NTC NTC NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
Full No-Trade first 3 years, Year 4 – 18 team no trade list, Year 5 – 14 team no trade list, Year 6 – 10 team no trade list