James Hamblin buyout calculator, cap hit impact

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James Hamblin Buyout Cap Implications

Birthdate April 27, 1999

If James Hamblin 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 24 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $129,167
(Total buyout cost/2 years)

James Hamblin projected buyout 2023-2024 season
2023-2024 2024-2025
Remaining Base Salary
$775,000
$775,000 $0
Original Cap Hit $807,500 $0
Contract Signing Bonus $45,000 $0
Contract Total Salary ($820,000) ($0)
Annual Buyout Cost $129,167 $129,167
ACTUAL CAP HIT Edmonton Oilers logo $161,667 $129,167
Savings $645,833 $-129,167

Active Contract

Signing Team Edmonton Oilers logo
Signing Date March 2, 2022
Agent Rick Valette
Entry Level Contract | 2 Years $1,615,000 0.98% of cap space
2022-2023 2023-2024
Cap Hit $807,500 $807,500
RFA
AAV $807,500 $807,500
Performance Bonuses $0 $0
Base Salary $750,000 $775,000
Signing Bonuses $45,000 $45,000
Total Salary $795,000 $820,000
Minors Salary $80,000 $80,000
Clauses
UFA Year
Buy It Out Buy It Out