Brett Connolly buyout calculator, cap hit impact
Brett Connolly Buyout Cap Implications
Birthdate May 2, 1992
Brett Connolly was bought by 
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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost was $2,333,333
Remaining base salary
($3,500,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $1,166,667
(Total buyout cost/2 years)
Brett Connolly buyout details 2022-2023 season
2022-2023
2023-2024
Remaining Base Salary
$3,500,000
$3,500,000
$0
Original Cap Hit
$3,500,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($3,500,000)
($0)
Annual Buyout Cost
$1,166,667
$1,166,667
ACTUAL CAP HIT
$1,166,667
$1,166,667
Savings
$2,333,333
$-1,166,667
Birthdate May 2, 1992
Brett Connolly was bought by
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 was 30 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost was $2,333,333
Remaining base salary
($3,500,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $1,166,667
(Total buyout cost/2 years)
Brett Connolly buyout details 2022-2023 season
| 2022-2023 | 2023-2024 | |
|---|---|---|
| Remaining Base Salary $3,500,000 |
$3,500,000 | $0 |
| Original Cap Hit | $3,500,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($3,500,000) | ($0) |
| Annual Buyout Cost | $1,166,667 | $1,166,667 |
| ACTUAL CAP HIT
|
$1,166,667 | $1,166,667 |
| Savings | $2,333,333 | $-1,166,667 |