Jordan Martinook buyout calculator, cap hit impact

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Jordan Martinook Buyout Cap Implications

Birthdate July 25, 1992

If Jordan Martinook 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 29 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 $3,000,000
Remaining base salary
($4,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $750,000
(Total buyout cost/4 years)

Jordan Martinook projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$4,500,000
$1,800,000 $2,700,000 $0 $0
Original Cap Hit $1,800,000 $1,800,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($1,800,000) ($2,700,000) ($0) ($0)
Annual Buyout Cost $750,000 $750,000 $750,000 $750,000
ACTUAL CAP HIT Carolina Hurricanes logo $750,000 $-150,000 $750,000 $750,000
Savings $1,050,000 $1,950,000 $-750,000 $-750,000

Active Contract

Signing Team Carolina Hurricanes logo
Signing Date July 28, 2021
Signing Status UFA
Agent Jeff Helperl
Standard Contract | 3 Years $5,400,000 2.18% of cap space
2021-2022 2022-2023 2023-2024
Cap Hit $1,800,000 $1,800,000 $1,800,000
UFA
AAV $1,800,000 $1,800,000 $1,800,000
Performance Bonuses $0 $0 $0
Base Salary $900,000 $1,800,000 $2,700,000
Signing Bonuses $0 $0 $0
Total Salary $900,000 $1,800,000 $2,700,000
Minors Salary $900,000 $1,800,000 $2,700,000
Clauses
UFA Year
Buy It Out Buy It Out