Jordie Benn buyout calculator, cap hit impact

Jordie Benn Buyout Cap Implications

Birthdate July 26, 1987

If Jordie Benn 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 31 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 $2,000,000
Remaining base salary
($3,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $500,000
(Total buyout cost/4 years)

Jordie Benn projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$3,000,000
$1,400,000 $1,600,000 $0 $0
Original Cap Hit $2,000,000 $2,000,000 $0 $0
Contract Signing Bonus $1,000,000 $0 $0 $0
Contract Total Salary ($2,400,000) ($1,600,000) ($0) ($0)
Annual Buyout Cost $500,000 $500,000 $500,000 $500,000
ACTUAL CAP HIT Vancouver Canucks logo $1,100,000 $900,000 $500,000 $500,000
Savings $900,000 $1,100,000 $-500,000 $-500,000

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status UFA
Agent Richard Evans
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 $1,400,000 $1,600,000
Signing Bonuses $1,000,000 $0
Total Salary $2,400,000 $1,600,000
Minors Salary $2,400,000 $1,600,000
Clauses
UFA Year
Buy It Out Buy It Out