Stephen Johns buyout calculator, cap hit impact

Stephen Johns Buyout Cap Implications

Birthdate April 18, 1992

If Stephen Johns was bought out prior to the 2019-2020 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 $3,233,333
Remaining base salary
($4,850,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $808,333
(Total buyout cost/4 years)

Stephen Johns projected buyout 2019-2020 season
2019-2020 2020-2021 2021-2022 2022-2023
Remaining Base Salary
$4,850,000
$2,800,000 $2,050,000 $0 $0
Original Cap Hit $2,350,000 $2,350,000 $0 $0
Contract Signing Bonus $0 $0 $0 $0
Contract Total Salary ($2,800,000) ($2,050,000) ($0) ($0)
Annual Buyout Cost $808,333 $808,333 $808,333 $808,333
ACTUAL CAP HIT Dallas Stars logo $358,333 $1,108,333 $808,333 $808,333
Savings $1,991,667 $1,241,667 $-808,333 $-808,333

Active Contract

Signing Team
Signing Date June 22, 2018
Signing Status RFA
Agent Brian Bartlett
Standard Contract | 3 Years $7,050,000 2.88% of cap space
2018-2019 2019-2020 2020-2021
Cap Hit $2,350,000 $2,350,000 $2,350,000
UFA
AAV $2,350,000 $2,350,000 $2,350,000
Performance Bonuses $0 $0 $0
Base Salary $2,200,000 $2,800,000 $2,050,000
Signing Bonuses $0 $0 $0
Total Salary $2,200,000 $2,800,000 $2,050,000
Minors Salary $2,200,000 $2,800,000 $2,050,000
Clauses
UFA Year
Buy It Out Buy It Out