SalarySwishSalarySwish

Jonas Siegenthaler Buyout Results

A Jonas Siegenthaler buyout spans 8 years, has a cost of $8,500,000 and savings of $4,250,000. Siegenthaler is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,750,000 in salary remaining, the cost is $8,500,000, and the savings are $4,250,000. 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.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$12,750,000$048272/3$8,500,000$4,250,000$1,062,500
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New Jersey DevilsNJD)
2024-25$4,000,000$3,400,000$0$1,062,500$1,062,500$2,937,500$462,500
2025-26$3,200,000$3,400,000$0$1,062,500$1,062,500$2,137,500$1,262,500
2026-27$3,000,000$3,400,000$0$1,062,500$1,062,500$1,937,500$1,462,500
2027-28$2,550,000$3,400,000$0$1,062,500$1,062,500$1,487,500$1,912,500
2028-29$0$0$0$1,062,500$1,062,500-$1,062,500$1,062,500
2029-30$0$0$0$1,062,500$1,062,500-$1,062,500$1,062,500
2030-31$0$0$0$1,062,500$1,062,500-$1,062,500$1,062,500
2031-32$0$0$0$1,062,500$1,062,500-$1,062,500$1,062,500
TOTAL$12,750,000$13,600,000$0$8,500,000$8,500,000$4,250,000$9,350,000