Alec Martinez buyout calculator, cap hit impact

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Alec Martinez Buyout Cap Implications

Birthdate July 26, 1987

If Alec Martinez was bought out prior to the 2023-2024 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 35 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 $2,833,333
Remaining base salary
($4,250,000 * 67% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $1,416,667
(Total buyout cost/2 years)

Alec Martinez projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$4,250,000
$4,250,000 $0
Original Cap Hit $5,250,000 $0
Contract Signing Bonus $1,500,000 $0
Contract Total Salary ($5,750,000) ($0)
Annual Buyout Cost $1,416,667 $1,416,667
ACTUAL CAP HIT Vegas Golden Knights logo $2,416,667 $1,416,667
Savings $2,833,333 $-1,416,667

Active Contract

Signing Team Vegas Golden Knights logo
Signing Date July 28, 2021
Signing Status UFA
Agent Shawn Hunwick
Standard Contract | 3 Years $15,750,000 6.36% 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 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