Jordan Martinook buyout calculator, cap hit impact

Jordan Martinook Buyout Cap Implications

Birthdate July 25, 1992

If Jordan Martinook was bought out prior to the 2019-2020 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 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $1,333,333
Remaining base salary
($4,000,000 * 33% buyout multiplier)
.

2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)

Annual buyout cost of $333,333
(Total buyout cost/4 years)

Jordan Martinook projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$4,000,000
$1,850,000 $2,150,000 $0 $0
Original Cap Hit $2,000,000 $2,000,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,850,000) ($2,150,000) ($0) ($0)
Annual Buyout Cost $333,333 $333,333 $333,333 $333,333
ACTUAL CAP HIT Carolina Hurricanes logo $483,333 $183,333 $333,333 $333,333
Savings $1,516,667 $1,816,667 $-333,333 $-333,333

Active Contract

Signing Team
Signing Date January 29, 2019
Signing Status RFA
Agent Jeff Helperl
Standard Contract | 2 Years $4,000,000 2.45% of cap space
2019-2020 2020-2021
Cap Hit $2,000,000 $2,000,000
UFA
AAV $2,000,000 $2,000,000
Performance Bonuses $0 $0
Base Salary $1,850,000 $2,150,000
Signing Bonuses $0 $0
Total Salary $1,850,000 $2,150,000
Minors Salary $1,850,000 $2,150,000
Clauses
UFA Year
Buy It Out Buy It Out