Jordan Greenway buyout calculator, cap hit impact

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Jordan Greenway Buyout Cap Implications

Birthdate February 16, 1997

If Jordan Greenway 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 25 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 $3,000,000
Remaining base salary
($9,000,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $500,000
(Total buyout cost/6 years)

Jordan Greenway projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$9,000,000
$2,500,000 $3,500,000 $3,000,000 $0 $0 $0
Original Cap Hit $3,000,000 $3,000,000 $3,000,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,500,000) ($3,500,000) ($3,000,000) ($0) ($0) ($0)
Annual Buyout Cost $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
ACTUAL CAP HIT Minnesota Wild logo $1,000,000 $0 $500,000 $500,000 $500,000 $500,000
Savings $2,000,000 $3,000,000 $2,500,000 $-500,000 $-500,000 $-500,000

Active Contract

Signing Team Minnesota Wild logo
Signing Date January 31, 2022
Signing Status RFA
Agent Brian Bartlett
Standard Contract | 3 Years $9,000,000 3.64% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $3,000,000 $3,000,000 $3,000,000
UFA
AAV $3,000,000 $3,000,000 $3,000,000
Performance Bonuses $0 $0 $0
Base Salary $2,500,000 $3,500,000 $3,000,000
Signing Bonuses $0 $0 $0
Total Salary $2,500,000 $3,500,000 $3,000,000
Minors Salary $2,500,000 $3,500,000 $3,000,000
Clauses M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
8 team no trade