Alec Martinez buyout calculator, cap hit impact
Alec Martinez Buyout Cap Implications
Birthdate July 26, 1987
If Alec Martinez was bought out prior to the 2022-2023 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 34 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 $5,666,667
Remaining base salary
($8,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,416,667
(Total buyout cost/4 years)
Alec Martinez projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$8,500,000
$4,250,000
$4,250,000
$0
$0
Original Cap Hit
$5,250,000
$5,250,000
$0
$0
Contract Signing Bonus
$1,500,000
$1,500,000
$0
$0
Contract Total Salary
($5,750,000)
($5,750,000)
($0)
($0)
Annual Buyout Cost
$1,416,667
$1,416,667
$1,416,667
$1,416,667
ACTUAL CAP HIT 
$2,416,667
$2,416,667
$1,416,667
$1,416,667
Savings
$2,833,333
$2,833,333
$-1,416,667
$-1,416,667
Birthdate July 26, 1987
If Alec Martinez was bought out prior to the 2022-2023 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 34 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 $5,666,667
Remaining base salary
($8,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,416,667
(Total buyout cost/4 years)
Alec Martinez projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $8,500,000 |
$4,250,000 | $4,250,000 | $0 | $0 |
| Original Cap Hit | $5,250,000 | $5,250,000 | $0 | $0 |
| Contract Signing Bonus | $1,500,000 | $1,500,000 | $0 | $0 |
| Contract Total Salary | ($5,750,000) | ($5,750,000) | ($0) | ($0) |
| Annual Buyout Cost | $1,416,667 | $1,416,667 | $1,416,667 | $1,416,667 |
| ACTUAL CAP HIT
|
$2,416,667 | $2,416,667 | $1,416,667 | $1,416,667 |
| Savings | $2,833,333 | $2,833,333 | $-1,416,667 | $-1,416,667 |
Active Contract
Standard Contract | 3 Years $15,750,000 6.29% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|
| Cap Hit | $5,250,000 | $5,250,000 | $5,250,000 | UFA |
| AAV | $5,250,000 | $5,250,000 | $5,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $4,250,000 | $4,250,000 | $4,250,000 | |
| Signing Bonuses | $0 | $1,500,000 | $1,500,000 | |
| Total Salary | $4,250,000 | $5,750,000 | $5,750,000 | |
| Minors Salary | $4,250,000 | $5,750,000 | $5,750,000 | |
| Clauses | M-NTC | M-NTC | M-NTC | |
| UFA Year | ||||
| Buy It Out | ||||
| *Modified No Trade Clause – 2021-22 – 16 team no trade list, 2022-23 - 12 team no trade list, 2023-24 – 8 team no trade list | ||||