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 
$233,333
$233,333
Savings
$1,166,667
$-233,333
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
|
$233,333 | $233,333 |
| Savings | $1,166,667 | $-233,333 |
Active Contract
Signing Team
Signing Date February 10, 2023
Signing Status RFA
Agent Eric Quinlan & Nicholas Martino
Qualifying Offer on Expiry $1,400,000
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 | ||