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Jack Johnson Buyout Results

A Jack Johnson buyout spans 8 years, has a cost of $8,166,667 and savings of $4,083,333. Johnson is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,250,000 in salary remaining, the cost is $8,166,667, and the savings are $4,083,333. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$12,250,000$048322/3$8,166,667$4,083,333$1,020,833
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Colorado AvalancheCOL)
2019-20$4,000,000$3,250,000$0$1,020,833$1,020,833$2,979,167$270,833
2020-21$3,000,000$3,250,000$0$1,020,833$1,020,833$1,979,167$1,270,833
2021-22$3,000,000$3,250,000$0$1,020,833$1,020,833$1,979,167$1,270,833
2022-23$2,250,000$3,250,000$0$1,020,833$1,020,833$1,229,167$2,020,833
2023-24$0$0$0$1,020,833$1,020,833-$1,020,833$1,020,833
2024-25$0$0$0$1,020,833$1,020,833-$1,020,833$1,020,833
2025-26$0$0$0$1,020,833$1,020,833-$1,020,833$1,020,833
2026-27$0$0$0$1,020,833$1,020,833-$1,020,833$1,020,833
TOTAL$12,250,000$13,000,000$0$8,166,667$8,166,667$4,083,333$8,916,664