Ryan Murray buyout calculator, cap hit impact

Ryan Murray Buyout Cap Implications

Birthdate September 27, 1993

If Ryan Murray 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 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 $3,133,333
Remaining base salary
($4,700,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $1,566,667
(Total buyout cost/2 years)

Ryan Murray projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$4,700,000
$4,700,000 $0
Original Cap Hit $4,600,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($4,700,000) ($0)
Annual Buyout Cost $1,566,667 $1,566,667
ACTUAL CAP HIT New Jersey Devils logo $1,466,667 $1,566,667
Savings $3,133,333 $-1,566,667

Active Contract

Signing Team
Signing Date July 1, 2019
Signing Status RFA
Agent Rick Valette
Standard Contract | 2 Years $9,200,000 5.64% of cap space
2019-2020 2020-2021
Cap Hit $4,600,000 $4,600,000
UFA
AAV $4,600,000 $4,600,000
Performance Bonuses $0 $0
Base Salary $4,500,000 $4,700,000
Signing Bonuses $0 $0
Total Salary $4,500,000 $4,700,000
Minors Salary $4,500,000 $4,700,000
Clauses
UFA Year
Buy It Out