Grant Hutton buyout calculator, cap hit impact
Grant Hutton Buyout Cap Implications
Birthdate July 25, 1995
If Grant Hutton was bought out prior to the 2023-2024 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 27 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 $1,050,000
Remaining base salary
($1,575,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $262,500
(Total buyout cost/4 years)
Grant Hutton projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$1,575,000
$775,000
$800,000
$0
$0
Original Cap Hit
$775,000
$775,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($775,000)
($800,000)
($0)
($0)
Annual Buyout Cost
$262,500
$262,500
$262,500
$262,500
ACTUAL CAP HIT 
$262,500
$237,500
$262,500
$262,500
Savings
$512,500
$537,500
$-262,500
$-262,500
Birthdate July 25, 1995
If Grant Hutton was bought out prior to the 2023-2024 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 27 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 $1,050,000
Remaining base salary
($1,575,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $262,500
(Total buyout cost/4 years)
Grant Hutton projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $1,575,000 |
$775,000 | $800,000 | $0 | $0 |
| Original Cap Hit | $775,000 | $775,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($775,000) | ($800,000) | ($0) | ($0) |
| Annual Buyout Cost | $262,500 | $262,500 | $262,500 | $262,500 |
| ACTUAL CAP HIT
|
$262,500 | $237,500 | $262,500 | $262,500 |
| Savings | $512,500 | $537,500 | $-262,500 | $-262,500 |
Active Contract
Standard Contract | 3 Years $2,325,000 0.93% 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 | |||
| Yr 1 325K Guaranteed | ||||