Martin Jones buyout calculator, cap hit impact

Martin Jones Buyout Cap Implications

Birthdate January 10, 1990

If Martin Jones 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 30 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 $13,000,000
Remaining base salary
($19,500,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,625,000
(Total buyout cost/8 years)

Martin Jones projected buyout 2020-2021 season
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$19,500,000
$4,500,000 $5,500,000 $5,000,000 $4,500,000 $0 $0 $0 $0
Original Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $0 $0 $0 $0
Contract Signing Bonus $1,500,000 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($6,000,000) ($5,500,000) ($5,000,000) ($4,500,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000
ACTUAL CAP HIT San Jose Sharks logo $2,875,000 $1,875,000 $2,375,000 $2,875,000 $1,625,000 $1,625,000 $1,625,000 $1,625,000
Savings $2,875,000 $3,875,000 $3,375,000 $2,875,000 $-1,625,000 $-1,625,000 $-1,625,000 $-1,625,000

Active Contract

Signing Team
Signing Date July 1, 2017
Signing Status UFA
Agent Kevin Epp
Standard Contract | 6 Years $34,500,000 7.06% of cap space
2018-2019 2019-2020 2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
UFA
AAV $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000 $5,750,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $6,000,000 $6,000,000 $4,500,000 $5,500,000 $5,000,000 $4,500,000
Signing Bonuses $750,000 $750,000 $1,500,000 $0 $0 $0
Total Salary $6,750,000 $6,750,000 $6,000,000 $5,500,000 $5,000,000 $4,500,000
Minors Salary $6,750,000 $6,750,000 $6,000,000 $5,500,000 $5,000,000 $4,500,000
Clauses M-NTC M-NTC M-NTC M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out
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