Jun 8, 2023
Severson Signs an 8-Year, $50.00M Deal with the Devils
Cap Hit
$6,250,000$6.25M
Term
8 years
Total Value
$50,000,000$50.00M
% of Cap
7.5%
Signing Status
UFA
2024 age 28
Expiry Status
UFA
2031 age 36
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Contract Breakdown
Damon Severson signed a 8 year, $50,000,000 contract with the New Jersey Devils on Jun 8, 2023. The contract has a cap hit of $6,250,000 and expires at the end of the 2030-31 season.
Abbreviated $Amounts
|
2023-24
|
2024-25
|
2025-26
|
2026-27
|
2027-28
|
2028-29
|
2029-30
|
2030-31
|
2031 |
|
|---|---|---|---|---|---|---|---|---|---|
| Cap Hit | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | UFAage 36 |
| AAV | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | $6,250,000$6.25M | |
| Base | $6,000,000$6.00M | $6,000,000$6.00M | $5,500,000$5.50M | $4,100,000$4.10M | $3,300,000$3.30M | $4,100,000$4.10M | $5,100,000$5.10M | $5,100,000$5.10M | |
| Performance Bonuses | - | - | - | - | - | - | - | - | |
| Signing Bonuses | $2,000,000$2.00M | $2,000,000$2.00M | $2,000,000$2.00M | $2,000,000$2.00M | $1,800,000$1.80M | $1,000,000$1.00M | - | - | |
| Total Salary | $8,000,000$8.00M | $8,000,000$8.00M | $7,500,000$7.50M | $6,100,000$6.10M | $5,100,000$5.10M | $5,100,000$5.10M | $5,100,000$5.10M | $5,100,000$5.10M | |
| Minors Salary |
$8,000,000$8.00M
|
$8,000,000$8.00M
|
$7,500,000$7.50M
|
$6,100,000$6.10M
|
$5,100,000$5.10M
|
$5,100,000$5.10M
|
$5,100,000$5.10M
|
$5,100,000$5.10M
|
|
| Clauses |
NTC
|
NTC
|
NTC
|
NTC
|
M-NTC
|
M-NTC
|
M-NTC
|
M-NTC
|
|
| Year Type | UFA | UFA | UFA | UFA | UFA | UFA | UFA | UFA | |
| UFA Year | |||||||||
| Buy Out | Buy Out | Buy Out | Buy Out | Buy Out | Buy Out | Buy Out |
Notes
Year 5: 20 team no trade list; Years 6-8: 12 team no trade list
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