Jordan Harris buyout calculator, cap hit impact

Jordan Harris Buyout Cap Implications

Birthdate July 7, 2000

If Jordan Harris 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 23 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 $466,667
Remaining base salary
($1,400,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $233,333
(Total buyout cost/2 years)

Jordan Harris projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$1,400,000
$1,400,000 $0
Original Cap Hit $1,400,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,400,000) ($0)
Annual Buyout Cost $233,333 $233,333
ACTUAL CAP HIT Montreal Canadiens logo $233,333 $233,333
Savings $1,166,667 $-233,333

Active Contract

Signing Team Montreal Canadiens logo
Signing Date February 10, 2023
Signing Status RFA
Agent Eric Quinlan & Nicholas Martino
Qualifying Offer on Expiry $1,400,000
Standard Contract | 2 Years $2,800,000 1.68% of cap space
2023-2024 2024-2025
Cap Hit $1,400,000 $1,400,000
RFA
AAV $1,400,000 $1,400,000
Performance Bonuses $0 $0
Base Salary $1,400,000 $1,400,000
Signing Bonuses $0 $0
Total Salary $1,400,000 $1,400,000
Minors Salary $1,400,000 $1,400,000
Clauses
UFA Year
Buy It Out Buy It Out