CJ Suess buyout calculator, cap hit impact
CJ Suess Buyout Cap Implications
Birthdate March 17, 1994
If CJ Suess was bought out prior to the 2020-2021 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 26 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 $966,667
Remaining base salary
($1,450,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $241,667
(Total buyout cost/4 years)
CJ Suess projected buyout 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
Remaining Base Salary
$1,450,000
$700,000
$750,000
$0
$0
Original Cap Hit
$725,000
$725,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($700,000)
($750,000)
($0)
($0)
Annual Buyout Cost
$241,667
$241,667
$241,667
$241,667
ACTUAL CAP HIT 
$266,667
$216,667
$241,667
$241,667
Savings
$458,333
$508,333
$-241,667
$-241,667
Birthdate March 17, 1994
If CJ Suess was bought out prior to the 2020-2021 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 26 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 $966,667
Remaining base salary
($1,450,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $241,667
(Total buyout cost/4 years)
CJ Suess projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | |
|---|---|---|---|---|
| Remaining Base Salary $1,450,000 |
$700,000 | $750,000 | $0 | $0 |
| Original Cap Hit | $725,000 | $725,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($700,000) | ($750,000) | ($0) | ($0) |
| Annual Buyout Cost | $241,667 | $241,667 | $241,667 | $241,667 |
| ACTUAL CAP HIT
|
$266,667 | $216,667 | $241,667 | $241,667 |
| Savings | $458,333 | $508,333 | $-241,667 | $-241,667 |
Active Contract
Standard Contract | 2 Years $1,450,000 0.89% of cap space
| 2020-2021 | 2021-2022 | ||
|---|---|---|---|
| Cap Hit | $725,000 | $725,000 | RFA |
| AAV | $725,000 | $725,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $700,000 | $750,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $700,000 | $750,000 | |
| Minors Salary | $100,000 | $150,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | Buy It Out | ||