Jacob McGrew buyout calculator, cap hit impact
Jacob McGrew Buyout Cap Implications
Birthdate February 25, 1999
If Jacob McGrew 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 21 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 $483,333
Remaining base salary
($1,450,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $120,833
(Total buyout cost/4 years)
Jacob McGrew 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
$771,667
$771,667
$0
$0
Contract Signing Bonus
$80,000
$0
$0
$0
Contract Total Salary
($780,000)
($750,000)
($0)
($0)
Annual Buyout Cost
$120,833
$120,833
$120,833
$120,833
ACTUAL CAP HIT 
$192,500
$142,500
$120,833
$120,833
Savings
$579,167
$629,167
$-120,833
$-120,833
Birthdate February 25, 1999
If Jacob McGrew 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 21 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 $483,333
Remaining base salary
($1,450,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $120,833
(Total buyout cost/4 years)
Jacob McGrew 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 | $771,667 | $771,667 | $0 | $0 |
| Contract Signing Bonus | $80,000 | $0 | $0 | $0 |
| Contract Total Salary | ($780,000) | ($750,000) | ($0) | ($0) |
| Annual Buyout Cost | $120,833 | $120,833 | $120,833 | $120,833 |
| ACTUAL CAP HIT
|
$192,500 | $142,500 | $120,833 | $120,833 |
| Savings | $579,167 | $629,167 | $-120,833 | $-120,833 |
Active Contract
Entry Level Contract | 3 Years $2,315,001 0.94% of cap space
| 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | ||
|---|---|---|---|---|---|
| Cap Hit | $768,333 | $771,667 | $771,667 | $771,667 | RFA |
| AAV | $850,000 | $853,333 | $853,333 | $853,333 | |
| Performance Bonuses | $0 | $160,000 | $65,000 | $20,000 | |
| Base Salary | $0 | $700,000 | $700,000 | $750,000 | |
| Signing Bonuses | $90,000 | $85,000 | $80,000 | $0 | |
| Total Salary | $0 | $785,000 | $780,000 | $750,000 | |
| Minors Salary | $0 | $70,000 | $70,000 | $70,000 | |
| Clauses | ENTRY-LEVEL SLIDE |
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| UFA Year | |||||
| Buy It Out | Buy It Out | ||||