Jeff Petry buyout calculator, cap hit impact
Jeff Petry Buyout Cap Implications
Birthdate December 9, 1987
If Jeff Petry 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 35 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 $5,000,000
Remaining base salary
($7,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,250,000
(Total buyout cost/4 years)
Jeff Petry projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$7,500,000
$4,500,000
$3,000,000
$0
$0
Original Cap Hit
$6,250,000
$6,250,000
$0
$0
Contract Signing Bonus
$3,000,000
$2,000,000
$0
$0
Contract Total Salary
($7,500,000)
($5,000,000)
($0)
($0)
Annual Buyout Cost
$1,250,000
$1,250,000
$1,250,000
$1,250,000
ACTUAL CAP HIT 
$3,000,000
$4,500,000
$1,250,000
$1,250,000
Savings
$3,250,000
$1,750,000
$-1,250,000
$-1,250,000
Birthdate December 9, 1987
If Jeff Petry 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 35 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 $5,000,000
Remaining base salary
($7,500,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,250,000
(Total buyout cost/4 years)
Jeff Petry projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $7,500,000 |
$4,500,000 | $3,000,000 | $0 | $0 |
| Original Cap Hit | $6,250,000 | $6,250,000 | $0 | $0 |
| Contract Signing Bonus | $3,000,000 | $2,000,000 | $0 | $0 |
| Contract Total Salary | ($7,500,000) | ($5,000,000) | ($0) | ($0) |
| Annual Buyout Cost | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 |
| ACTUAL CAP HIT
|
$3,000,000 | $4,500,000 | $1,250,000 | $1,250,000 |
| Savings | $3,250,000 | $1,750,000 | $-1,250,000 | $-1,250,000 |
Active Contract
Standard Contract | 4 Years $25,000,000 7.58% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|---|
| Cap Hit | $6,250,000 | $6,250,000 | $6,250,000 | $6,250,000 | UFA |
| AAV | $6,250,000 | $6,250,000 | $6,250,000 | $6,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $5,000,000 | $4,500,000 | $4,500,000 | $3,000,000 | |
| Signing Bonuses | $0 | $3,000,000 | $3,000,000 | $2,000,000 | |
| Total Salary | $5,000,000 | $7,500,000 | $7,500,000 | $5,000,000 | |
| Minors Salary | $5,000,000 | $7,500,000 | $7,500,000 | $5,000,000 | |
| Clauses | M-NTC | M-NTC | M-NTC | M-NTC | |
| UFA Year | |||||
| Buy It Out | Buy It Out | Buy It Out | |||
| 15 Team No Trade and expansion No Movement | |||||