Josh Brown buyout calculator, cap hit impact

Josh Brown Buyout Cap Implications

Birthdate January 21, 1994

If Josh Brown 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 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 $933,333
Remaining base salary
($1,400,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $466,667
(Total buyout cost/2 years)

Josh Brown projected buyout 2021-2022 season
2021-2022 2022-2023
Remaining Base Salary
$1,400,000
$1,400,000 $0
Original Cap Hit $1,200,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($1,400,000) ($0)
Annual Buyout Cost $466,667 $466,667
ACTUAL CAP HIT Ottawa Senators logo $266,667 $466,667
Savings $933,333 $-466,667

Active Contract

Signing Team
Signing Date October 5, 2020
Signing Status RFA
Agent Jason Harshaw
Standard Contract | 2 Years $2,400,000 1.47% of cap space
2020-2021 2021-2022
Cap Hit $1,200,000 $1,200,000
UFA
AAV $1,200,000 $1,200,000
Performance Bonuses $0 $0
Base Salary $1,000,000 $1,400,000
Signing Bonuses $0 $0
Total Salary $1,000,000 $1,400,000
Minors Salary $1,000,000 $1,400,000
Clauses
UFA Year
Buy It Out Buy It Out