Mitchell Marner buyout calculator, cap hit impact

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Mitchell Marner Buyout Cap Implications

Birthdate May 5, 1997

If Mitchell Marner 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 26 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 $1,033,333
Remaining base salary
($1,550,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $258,333
(Total buyout cost/4 years)

Mitchell Marner projected buyout 2023-2024 season
2023-2024 2024-2025 2025-2026 2026-2027
Remaining Base Salary
$1,550,000
$775,000 $775,000 $0 $0
Original Cap Hit $10,903,000 $10,903,000 $0 $0
Contract Signing Bonus $7,250,000 $7,250,000 $0 $0
Contract Total Salary ($8,025,000) ($8,025,000) ($0) ($0)
Annual Buyout Cost $258,333 $258,333 $258,333 $258,333
ACTUAL CAP HIT Toronto Maple Leafs logo $10,386,333 $10,386,333 $258,333 $258,333
Savings $516,667 $516,667 $-258,333 $-258,333

Active Contract

Signing Team Toronto Maple Leafs logo
Signing Date September 13, 2019
Signing Status RFA
Agent Darren Ferris
Standard Contract | 6 Years $65,408,000 13.20% of cap space
2019-2020 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $10,893,000 $10,903,000 $10,903,000 $10,903,000 $10,903,000 $10,903,000
UFA
AAV $10,893,000 $10,903,000 $10,903,000 $10,903,000 $10,903,000 $10,903,000
Performance Bonuses $0 $0 $0 $0 $0 $0
Base Salary $700,000 $700,000 $750,000 $750,000 $775,000 $775,000
Signing Bonuses $15,300,000 $14,300,000 $9,608,000 $7,250,000 $7,250,000 $7,250,000
Total Salary $16,000,000 $15,000,000 $10,358,000 $8,000,000 $8,025,000 $8,025,000
Minors Salary $16,000,000 $15,000,000 $10,358,000 $8,000,000 $8,025,000 $8,025,000
Clauses NMC NMC
UFA Year
Buy It Out Buy It Out Buy It Out