Alex Steeves buyout calculator, cap hit impact
Alex Steeves Buyout Cap Implications
Birthdate December 10, 1999
If Alex Steeves 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 22 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $508,333
Remaining base salary
($1,525,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $127,083
(Total buyout cost/4 years)
Alex Steeves projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$1,525,000
$750,000
$775,000
$0
$0
Original Cap Hit
$834,167
$834,167
$0
$0
Contract Signing Bonus
$75,000
$77,500
$0
$0
Contract Total Salary
($825,000)
($852,500)
($0)
($0)
Annual Buyout Cost
$127,083
$127,083
$127,083
$127,083
ACTUAL CAP HIT 
$211,250
$186,250
$127,083
$127,083
Savings
$622,917
$647,917
$-127,083
$-127,083
Birthdate December 10, 1999
If Alex Steeves 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 22 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $508,333
Remaining base salary
($1,525,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $127,083
(Total buyout cost/4 years)
Alex Steeves projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $1,525,000 |
$750,000 | $775,000 | $0 | $0 |
| Original Cap Hit | $834,167 | $834,167 | $0 | $0 |
| Contract Signing Bonus | $75,000 | $77,500 | $0 | $0 |
| Contract Total Salary | ($825,000) | ($852,500) | ($0) | ($0) |
| Annual Buyout Cost | $127,083 | $127,083 | $127,083 | $127,083 |
| ACTUAL CAP HIT
|
$211,250 | $186,250 | $127,083 | $127,083 |
| Savings | $622,917 | $647,917 | $-127,083 | $-127,083 |
Active Contract
Entry Level Contract | 3 Years $2,502,501 1.00% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|
| Cap Hit | $834,167 | $834,167 | $834,167 | RFA |
| AAV | $834,167 | $834,167 | $834,167 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $750,000 | $750,000 | $775,000 | |
| Signing Bonuses | $75,000 | $75,000 | $77,500 | |
| Total Salary | $825,000 | $825,000 | $852,500 | |
| Minors Salary | $80,000 | $80,000 | $80,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | ||||