Isaak Phillips buyout calculator, cap hit impact
Isaak Phillips Buyout Cap Implications
Birthdate September 28, 2001
If Isaak Phillips 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 20 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/4 years)
Isaak Phillips projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$1,550,000
$750,000
$800,000
$0
$0
Original Cap Hit
$859,167
$859,167
$0
$0
Contract Signing Bonus
$92,500
$92,500
$0
$0
Contract Total Salary
($842,500)
($892,500)
($0)
($0)
Annual Buyout Cost
$129,167
$129,167
$129,167
$129,167
ACTUAL CAP HIT 
$238,334
$188,334
$129,167
$129,167
Savings
$620,833
$670,833
$-129,167
$-129,167
Birthdate September 28, 2001
If Isaak Phillips 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 20 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/4 years)
Isaak Phillips projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $1,550,000 |
$750,000 | $800,000 | $0 | $0 |
| Original Cap Hit | $859,167 | $859,167 | $0 | $0 |
| Contract Signing Bonus | $92,500 | $92,500 | $0 | $0 |
| Contract Total Salary | ($842,500) | ($892,500) | ($0) | ($0) |
| Annual Buyout Cost | $129,167 | $129,167 | $129,167 | $129,167 |
| ACTUAL CAP HIT
|
$238,334 | $188,334 | $129,167 | $129,167 |
| Savings | $620,833 | $670,833 | $-129,167 | $-129,167 |
Active Contract
Entry Level Contract | 3 Years $2,577,501 1.04% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|
| Cap Hit | $859,167 | $859,167 | $859,167 | RFA |
| AAV | $925,000 | $925,000 | $925,000 | |
| Performance Bonuses | $82,500 | $82,500 | $32,500 | |
| Base Salary | $750,000 | $750,000 | $800,000 | |
| Signing Bonuses | $92,500 | $92,500 | $92,500 | |
| Total Salary | $842,500 | $842,500 | $892,500 | |
| Minors Salary | $80,000 | $80,000 | $80,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | Buy It Out | |||