Josh Anderson buyout calculator, cap hit impact

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Josh Anderson Buyout Cap Implications

Birthdate May 7, 1994

If Josh Anderson 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 28 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 $20,333,333
Remaining base salary
($30,500,000 * 67% buyout multiplier)
.

5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)

Annual buyout cost of $2,033,333
(Total buyout cost/10 years)

Josh Anderson projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$30,500,000
$7,000,000 $8,000,000 $7,000,000 $5,000,000 $3,500,000 $0 $0 $0 $0 $0
Original Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $0 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($7,000,000) ($8,000,000) ($7,000,000) ($5,000,000) ($3,500,000) ($0) ($0) ($0) ($0) ($0)
Annual Buyout Cost $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333
ACTUAL CAP HIT Montreal Canadiens logo $533,333 $-466,667 $533,333 $2,533,333 $4,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333 $2,033,333
Savings $4,966,667 $5,966,667 $4,966,667 $2,966,667 $1,466,667 $-2,033,333 $-2,033,333 $-2,033,333 $-2,033,333 $-2,033,333

Active Contract

Signing Team Montreal Canadiens logo
Signing Date October 8, 2020
Signing Status RFA
Agent Darren Ferris
View Player Profile
Potential Lockout Year
Standard Contract | 7 Years $38,500,000 6.67% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
Cap Hit $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
UFA
AAV $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000 $5,500,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0
Base Salary $4,000,000 $4,000,000 $7,000,000 $8,000,000 $7,000,000 $5,000,000 $3,500,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0
Total Salary $4,000,000 $4,000,000 $7,000,000 $8,000,000 $7,000,000 $5,000,000 $3,500,000
Minors Salary $4,000,000 $4,000,000 $7,000,000 $8,000,000 $7,000,000 $5,000,000 $3,500,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out
Years 2-4: 8 team No Trade List, Years 5-7: 5 Team No Trade List