Matt Murray buyout calculator, cap hit impact

Matt Murray Buyout Cap Implications

Birthdate May 25, 1994

If Matt Murray was bought out prior to the 2023-2024 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 $5,333,333
Remaining base salary
($8,000,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $2,666,667
(Total buyout cost/2 years)

Matt Murray projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$8,000,000
$8,000,000 $0
Original Cap Hit $6,250,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($8,000,000) ($0)
Annual Buyout Cost $2,666,667 $2,666,667
ACTUAL CAP HIT Ottawa Senators logo $916,667 $2,666,667
Savings $5,333,333 $-2,666,667

Active Contract

Signing Team
Signing Date October 9, 2020
Signing Status RFA
Agent Robert Hooper
Standard Contract | 4 Years $25,000,000 7.67% of cap space
2020-2021 2021-2022 2022-2023 2023-2024
Cap Hit $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
Performance Bonuses $0 $0 $0 $0
Base Salary $4,000,000 $6,000,000 $7,000,000 $8,000,000
Signing Bonuses $0 $0 $0 $0
Total Salary $4,000,000 $6,000,000 $7,000,000 $8,000,000
Minors Salary $4,000,000 $6,000,000 $7,000,000 $8,000,000
Clauses M-NTC M-NTC M-NTC
UFA Year
Buy It Out Buy It Out Buy It Out
10 Team NTC year 2021-2022, 2022-2023, 2023-2024