Justin Danforth buyout calculator, cap hit impact

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Justin Danforth Buyout Cap Implications

Birthdate March 15, 1993

If Justin Danforth 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 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 $1,300,000
Remaining base salary
($1,950,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $325,000
(Total buyout cost/4 years)

Justin Danforth projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026
Remaining Base Salary
$1,950,000
$975,000 $975,000 $0 $0
Original Cap Hit $975,000 $975,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($975,000) ($975,000) ($0) ($0)
Annual Buyout Cost $325,000 $325,000 $325,000 $325,000
ACTUAL CAP HIT Columbus Blue Jackets logo $325,000 $325,000 $325,000 $325,000
Savings $650,000 $650,000 $-325,000 $-325,000

Active Contract

Signing Team Columbus Blue Jackets logo
Signing Date March 8, 2022
Signing Status UFA
Agent Jay Grossman
Standard Contract | 2 Years $1,950,000 1.18% of cap space
2022-2023 2023-2024
Cap Hit $975,000 $975,000
UFA
AAV $975,000 $975,000
Performance Bonuses $0 $0
Base Salary $975,000 $975,000
Signing Bonuses $0 $0
Total Salary $975,000 $975,000
Minors Salary $975,000 $975,000
Clauses
UFA Year
Buy It Out Buy It Out