Casey Cizikas buyout calculator, cap hit impact
Casey Cizikas Buyout Cap Implications
Birthdate February 27, 1991
If Casey Cizikas 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 31 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 $8,333,333
Remaining base salary
($12,500,000 * 67% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $833,333
(Total buyout cost/10 years)
Casey Cizikas projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
Remaining Base Salary
$12,500,000
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$0
$0
$0
$0
$0
Original Cap Hit
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$0
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($2,500,000)
($2,500,000)
($2,500,000)
($2,500,000)
($2,500,000)
($0)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
ACTUAL CAP HIT 
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
Savings
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$-833,333
$-833,333
$-833,333
$-833,333
$-833,333
Birthdate February 27, 1991
If Casey Cizikas 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 31 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 $8,333,333
Remaining base salary
($12,500,000 * 67% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $833,333
(Total buyout cost/10 years)
Casey Cizikas projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | 2031-2032 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $12,500,000 |
$2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $0 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $0 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($2,500,000) | ($2,500,000) | ($2,500,000) | ($2,500,000) | ($2,500,000) | ($0) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 |
| ACTUAL CAP HIT
|
$833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 |
| Savings | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $-833,333 | $-833,333 | $-833,333 | $-833,333 | $-833,333 |
Active Contract
Standard Contract | 6 Years $15,000,000 2.99% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | ||
|---|---|---|---|---|---|---|---|
| Cap Hit | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | UFA |
| AAV | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | |
| Minors Salary | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | |
| Clauses | |||||||
| UFA Year | |||||||
| Buy It Out | Buy It Out | Buy It Out | Buy It Out | ||||