Jordan Greenway buyout calculator, cap hit impact
Jordan Greenway Buyout Cap Implications
Birthdate February 16, 1997
If Jordan Greenway 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 26 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 $4,333,333
Remaining base salary
($6,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,083,333
(Total buyout cost/4 years)
Jordan Greenway projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$6,500,000
$3,500,000
$3,000,000
$0
$0
Original Cap Hit
$3,000,000
$3,000,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($3,500,000)
($3,000,000)
($0)
($0)
Annual Buyout Cost
$1,083,333
$1,083,333
$1,083,333
$1,083,333
ACTUAL CAP HIT 
$583,333
$1,083,333
$1,083,333
$1,083,333
Savings
$2,416,667
$1,916,667
$-1,083,333
$-1,083,333
Birthdate February 16, 1997
If Jordan Greenway 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 26 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 $4,333,333
Remaining base salary
($6,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,083,333
(Total buyout cost/4 years)
Jordan Greenway projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $6,500,000 |
$3,500,000 | $3,000,000 | $0 | $0 |
| Original Cap Hit | $3,000,000 | $3,000,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($3,500,000) | ($3,000,000) | ($0) | ($0) |
| Annual Buyout Cost | $1,083,333 | $1,083,333 | $1,083,333 | $1,083,333 |
| ACTUAL CAP HIT
|
$583,333 | $1,083,333 | $1,083,333 | $1,083,333 |
| Savings | $2,416,667 | $1,916,667 | $-1,083,333 | $-1,083,333 |
Active Contract
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 | ||||