Josh Archibald buyout calculator, cap hit impact

Josh Archibald Buyout Cap Implications

Birthdate October 6, 1992

If Josh Archibald was bought out prior to the 2020-2021 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 27 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 $1,800,000
Remaining base salary
($2,700,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $450,000
(Total buyout cost/4 years)

Josh Archibald projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024
Remaining Base Salary
$2,700,000
$1,200,000 $1,500,000 $0 $0
Original Cap Hit $1,500,000 $1,500,000 $0 $0
Contract Signing Bonus $300,000 $0 $0 $0
Contract Total Salary ($1,500,000) ($1,500,000) ($0) ($0)
Annual Buyout Cost $450,000 $450,000 $450,000 $450,000
ACTUAL CAP HIT Edmonton Oilers logo $750,000 $450,000 $450,000 $450,000
Savings $750,000 $1,050,000 $-450,000 $-450,000

Active Contract

Signing Team
Signing Date March 6, 2020
Signing Status UFA
Agent Scott Bartlett
Standard Contract | 2 Years $3,000,000 1.84% of cap space
2020-2021 2021-2022
Cap Hit $1,500,000 $1,500,000
UFA
AAV $1,500,000 $1,500,000
Performance Bonuses $0 $0
Base Salary $1,200,000 $1,500,000
Signing Bonuses $300,000 $0
Total Salary $1,500,000 $1,500,000
Minors Salary $1,500,000 $1,500,000
Clauses
UFA Year
Buy It Out Buy It Out