Josh Brook buyout calculator, cap hit impact

Josh Brook Buyout Cap Implications

Birthdate June 17, 1999

If Josh Brook was bought out prior to the 2021-2022 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 $266,667
Remaining base salary
($800,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $133,333
(Total buyout cost/2 years)

Josh Brook projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$800,000
$800,000 $0
Original Cap Hit $795,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($800,000) ($0)
Annual Buyout Cost $133,333 $133,333
ACTUAL CAP HIT Montreal Canadiens logo $128,333 $133,333
Savings $666,667 $-133,333

Active Contract

Signing Team
Signing Date September 21, 2018
Agent Craig Oster
Entry Level Contract | 3 Years $2,385,000 0.99% of cap space
2018-2019 2019-2020 2020-2021 2021-2022
Cap Hit $809,166 $795,000 $795,000 $795,000
RFA
AAV $925,000 $910,833 $910,833 $910,833
Performance Bonuses $0 $182,500 $132,500 $32,500
Base Salary $0 $700,000 $700,000 $800,000
Signing Bonuses $92,500 $92,500 $92,500 $0
Total Salary $92,500 $792,500 $792,500 $800,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out Buy It Out