Mathieu Joseph buyout calculator, cap hit impact

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Mathieu Joseph Buyout Cap Implications

Birthdate February 9, 1997

If Mathieu Joseph 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 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 $4,400,000
Remaining base salary
($6,600,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,100,000
(Total buyout cost/4 years)

Mathieu Joseph projected buyout 2024-2025 season
2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$6,600,000
$3,300,000 $3,300,000 $0 $0
Original Cap Hit $2,950,000 $2,950,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($3,300,000) ($3,300,000) ($0) ($0)
Annual Buyout Cost $1,100,000 $1,100,000 $1,100,000 $1,100,000
ACTUAL CAP HIT Ottawa Senators logo $750,000 $750,000 $1,100,000 $1,100,000
Savings $2,200,000 $2,200,000 $-1,100,000 $-1,100,000

Active Contract

Signing Team Ottawa Senators logo
Signing Date July 28, 2022
Signing Status RFA
Agent Olivier Fortier
Standard Contract | 4 Years $11,800,000 3.53% of cap space
2022-2023 2023-2024 2024-2025 2025-2026
Cap Hit $2,950,000 $2,950,000 $2,950,000 $2,950,000
UFA
AAV $2,950,000 $2,950,000 $2,950,000 $2,950,000
Performance Bonuses $0 $0 $0 $0
Base Salary $2,500,000 $2,700,000 $3,300,000 $3,300,000
Signing Bonuses $0 $0 $0 $0
Total Salary $2,500,000 $2,700,000 $3,300,000 $3,300,000
Minors Salary $2,500,000 $2,700,000 $3,300,000 $3,300,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out