Severson, Damon#78
Contracts | Career Earnings: $34,745,213
Standard Contract (Extension)
Signed By: Tom Fitzgerald
Length: 8 years
Value: $50,000,000
Expiry Status: UFA
Cap %: 7.1
Signing Team: New Jersey Devils
Signing Date: Jun. 9, 2023
Damon Severson signed a 8 year, $50,000,000 contract with the New Jersey Devils on Jun. 9, 2023. The contract has a cap hit of $6,250,000.
| Season | Clause | Cap Hit | AAV | P. Bonuses | S. Bonuses | Base Salary | Total Salary |
|---|---|---|---|---|---|---|---|
| 2023-24 | NTC | $6,250,000 | $6,250,000 | $0 | $2,000,000 | $6,000,000 | $8,000,000 |
| 2024-25 | NTC | $6,250,000 | $6,250,000 | $0 | $2,000,000 | $6,000,000 | $8,000,000 |
| 2025-26 | NTC | $6,250,000 | $6,250,000 | $0 | $2,000,000 | $5,500,000 | $7,500,000 |
| 2026-27 | NTC | $6,250,000 | $6,250,000 | $0 | $2,000,000 | $4,100,000 | $6,100,000 |
| 2027-28 | M-NTC | $6,250,000 | $6,250,000 | $0 | $1,800,000 | $3,300,000 | $5,100,000 |
| 2028-29 | M-NTC | $6,250,000 | $6,250,000 | $0 | $1,000,000 | $4,100,000 | $5,100,000 |
| 2029-30 | M-NTC | $6,250,000 | $6,250,000 | $0 | $0 | $5,100,000 | $5,100,000 |
| 2030-31 | M-NTC | $6,250,000 | $6,250,000 | $0 | $0 | $5,100,000 | $5,100,000 |
| TOTAL | $50,000,000 | $0 | $10,800,000 | $39,200,000 | $50,000,000 |
Clause Details: 2023-27: Full NTC | 2027-28: 20 team no-trade list | 2028-31: 12 team no-trade list
Standard Contract
Signed By: Ray Shero
Length: 6 years
Value: $25,000,000
Expiry Status: UFA
Cap %: -
Signing Team: New Jersey Devils
Signing Date: Sep. 11, 2017
Damon Severson signed a 6 year, $25,000,000 contract with the New Jersey Devils on Sep. 11, 2017. The contract has a cap hit of $4,166,666.
| Season | Clause | Cap Hit | AAV | P. Bonuses | S. Bonuses | Base Salary | Total Salary |
|---|---|---|---|---|---|---|---|
| 2017-18 | $4,166,666 | $4,166,666 | $0 | $0 | $2,500,000 | $2,500,000 | |
| 2018-19 | $4,166,666 | $4,166,666 | $0 | $0 | $3,000,000 | $3,000,000 | |
| 2019-20 | $4,166,666 | $4,166,666 | $0 | $0 | $4,675,000 | $4,675,000 | |
| 2020-21 | $4,166,666 | $4,166,666 | $0 | $0 | $4,675,000 | $4,675,000 | |
| 2021-22 | $4,166,666 | $4,166,666 | $0 | $0 | $5,050,000 | $5,050,000 | |
| 2022-23 | $4,166,666 | $4,166,666 | $0 | $0 | $5,100,000 | $5,100,000 | |
| TOTAL | $24,999,996 | $0 | $0 | $25,000,000 | $25,000,000 |
Entry-Level Contract
Signed By: Lou Lamoriello
Length: 3 years
Value: $2,850,000
Expiry Status: RFA
Cap %: -
Signing Team: New Jersey Devils
Signing Date: Sep. 10, 2012
Damon Severson signed a 3 year, $2,850,000 contract with the New Jersey Devils on Sep. 10, 2012. The contract has a cap hit of $605,833.
| Season | Clause | Cap Hit | AAV | P. Bonuses | S. Bonuses | Base Salary | Total Salary | Minors Salary |
|---|---|---|---|---|---|---|---|---|
| 2012-13 | $650,833 | $933,333 | – | $92,500 | ENTRY-LEVEL SLIDE | |||
| 2013-14 | $628,333 | $910,833 | – | $92,500 | ENTRY-LEVEL SLIDE | |||
| 2014-15 | $605,833 | $888,333 | $307,500 | $92,500 | $550,000 | $642,500 | $67,500 | |
| 2015-16 | $605,833 | $888,333 | $307,500 | $0 | $575,000 | $575,000 | $67,500 | |
| 2016-17 | $605,833 | $888,333 | $232,500 | $0 | $600,000 | $600,000 | $67,500 | |
| TOTAL | $4,509,165 | $0 | $277,500 | $0 | $1,817,500 | $202,500 |