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 2024-2025 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 28 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 $533,333
Remaining base salary
($800,000 * 67% buyout multiplier)
.

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

Annual buyout cost of $266,667
(Total buyout cost/2 years)

Grant Hutton projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$800,000
$800,000 $0
Original Cap Hit $775,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($800,000) ($0)
Annual Buyout Cost $266,667 $266,667
ACTUAL CAP HIT New York Islanders logo $241,667 $266,667
Savings $533,333 $-266,667

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