Grant Hutton buyout calculator, cap hit impact

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Grant Hutton Buyout Cap Implications

Birthdate July 25, 1995

If Grant Hutton 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 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 $1,550,000
Remaining base salary
($2,325,000 * 67% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $258,333
(Total buyout cost/6 years)

Grant Hutton projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,325,000
$750,000 $775,000 $800,000 $0 $0 $0
Original Cap Hit $775,000 $775,000 $775,000 $0 $0 $0
Contract Signing Bonus $0 $0 $0 $0 $0 $0
Contract Total Salary ($750,000) ($775,000) ($800,000) ($0) ($0) ($0)
Annual Buyout Cost $258,333 $258,333 $258,333 $258,333 $258,333 $258,333
ACTUAL CAP HIT New York Islanders logo $283,333 $258,333 $233,333 $258,333 $258,333 $258,333
Savings $491,667 $516,667 $541,667 $-258,333 $-258,333 $-258,333

Active Contract

Signing Team New York Islanders logo
Signing Date July 9, 2022
Signing Status UFA
Agent Allain Roy
Standard Contract | 3 Years $2,325,000 0.94% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $775,000 $775,000 $775,000
UFA
AAV $775,000 $775,000 $775,000
Performance Bonuses $0 $0 $0
Base Salary $750,000 $775,000 $800,000
Signing Bonuses $0 $0 $0
Total Salary $750,000 $775,000 $800,000
Minors Salary $275,000 $775,000 $800,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out
Yr 1 325K Guaranteed