Josh Morrissey buyout calculator, cap hit impact

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Josh Morrissey Buyout Cap Implications

Birthdate March 28, 1995

If Josh Morrissey was bought out prior to the 2024-2025 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 29 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 $13,866,667
Remaining base salary
($20,800,000 * 67% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $1,733,333
(Total buyout cost/8 years)

Josh Morrissey projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2032
Remaining Base Salary
$20,800,000
$6,400,000 $4,800,000 $4,800,000 $4,800,000 $0 $0 $0 $0
Original Cap Hit $6,250,000 $6,250,000 $6,250,000 $6,250,000 $0 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,400,000) ($4,800,000) ($4,800,000) ($4,800,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333
ACTUAL CAP HIT Winnipeg Jets logo $1,583,333 $3,183,333 $3,183,333 $3,183,333 $1,733,333 $1,733,333 $1,733,333 $1,733,333
Savings $4,666,667 $3,066,667 $3,066,667 $3,066,667 $-1,733,333 $-1,733,333 $-1,733,333 $-1,733,333

Active Contract

Signing Team Winnipeg Jets logo
Signing Date September 12, 2019
Signing Status RFA
Agent Gerry Johannson
View Player Profile
Potential Lockout Year
Standard Contract | 8 Years $50,000,000 7.58% of cap space
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Cap Hit $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000
UFA
AAV $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000 $6,250,000
Performance Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Base Salary $8,000,000 $8,000,000 $5,200,000 $8,000,000 $6,400,000 $4,800,000 $4,800,000 $4,800,000
Signing Bonuses $0 $0 $0 $0 $0 $0 $0 $0
Total Salary $8,000,000 $8,000,000 $5,200,000 $8,000,000 $6,400,000 $4,800,000 $4,800,000 $4,800,000
Minors Salary $8,000,000 $8,000,000 $5,200,000 $8,000,000 $6,400,000 $4,800,000 $4,800,000 $4,800,000
Clauses NMC NMC NMC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out Buy It Out