Joseph Duszak buyout calculator, cap hit impact

Joseph Duszak Buyout Cap Implications

Birthdate July 22, 1997

If Joseph Duszak 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 21 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 $480,000
Remaining base salary
($1,440,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $120,000
(Total buyout cost/4 years)

Joseph Duszak projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$1,440,000
$720,000 $720,000 $0 $0
Original Cap Hit $800,000 $800,000 $0 $0
Contract Signing Bonus $80,000 $80,000 $0 $0
Contract Total Salary ($800,000) ($800,000) ($0) ($0)
Annual Buyout Cost $120,000 $120,000 $120,000 $120,000
ACTUAL CAP HIT Toronto Maple Leafs logo $200,000 $200,000 $120,000 $120,000
Savings $600,000 $600,000 $-120,000 $-120,000

Active Contract

Signing Team
Signing Date March 13, 2019
Entry Level Contract | 2 Years $1,600,000 0.98% of cap space
2019-2020 2020-2021
Cap Hit $800,000 $800,000
RFA
AAV $800,000 $800,000
Performance Bonuses $0 $0
Base Salary $720,000 $720,000
Signing Bonuses $80,000 $80,000
Total Salary $800,000 $800,000
Minors Salary $70,000 $70,000
Clauses
UFA Year
Buy It Out Buy It Out