James Neal buyout calculator, cap hit impact
James Neal Buyout Cap Implications
Birthdate September 3, 1987
James Neal was bought by 
out prior to the 2021-2022 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 was 33 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost was $7,666,667
Remaining base salary
($11,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,916,667
(Total buyout cost/4 years)
James Neal buyout details 2021-2022 season
2021-2022
2022-2023
2023-2024
2024-2025
Remaining Base Salary
$11,500,000
$5,750,000
$5,750,000
$0
$0
Original Cap Hit
$5,750,000
$5,750,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($5,750,000)
($5,750,000)
($0)
($0)
Annual Buyout Cost
$1,916,667
$1,916,667
$1,916,667
$1,916,667
ACTUAL CAP HIT
$1,916,667
$1,916,667
$1,916,667
$1,916,667
Savings
$3,833,333
$3,833,333
$-1,916,667
$-1,916,667
Birthdate September 3, 1987
James Neal was bought by
out prior to the 2021-2022 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 was 33 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost was $7,666,667
Remaining base salary
($11,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,916,667
(Total buyout cost/4 years)
James Neal buyout details 2021-2022 season
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | |
|---|---|---|---|---|
| Remaining Base Salary $11,500,000 |
$5,750,000 | $5,750,000 | $0 | $0 |
| Original Cap Hit | $5,750,000 | $5,750,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($5,750,000) | ($5,750,000) | ($0) | ($0) |
| Annual Buyout Cost | $1,916,667 | $1,916,667 | $1,916,667 | $1,916,667 |
| ACTUAL CAP HIT
|
$1,916,667 | $1,916,667 | $1,916,667 | $1,916,667 |
| Savings | $3,833,333 | $3,833,333 | $-1,916,667 | $-1,916,667 |