J.T. Miller buyout calculator, cap hit impact
J.T. Miller Buyout Cap Implications
Birthdate March 14, 1993
If J.T. Miller 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 27 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 $10,000,000
Remaining base salary
($15,000,000 * 67% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $1,666,667
(Total buyout cost/6 years)
J.T. Miller projected buyout 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$15,000,000
$4,500,000
$6,000,000
$4,500,000
$0
$0
$0
Original Cap Hit
$5,250,000
$5,250,000
$5,250,000
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
Contract Total Salary
($4,500,000)
($6,000,000)
($4,500,000)
($0)
($0)
($0)
Annual Buyout Cost
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$1,666,667
ACTUAL CAP HIT 
$2,416,667
$916,667
$2,416,667
$1,666,667
$1,666,667
$1,666,667
Savings
$2,833,333
$4,333,333
$2,833,333
$-1,666,667
$-1,666,667
$-1,666,667
Birthdate March 14, 1993
If J.T. Miller 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 27 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 $10,000,000
Remaining base salary
($15,000,000 * 67% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $1,666,667
(Total buyout cost/6 years)
J.T. Miller projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $15,000,000 |
$4,500,000 | $6,000,000 | $4,500,000 | $0 | $0 | $0 |
| Original Cap Hit | $5,250,000 | $5,250,000 | $5,250,000 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($4,500,000) | ($6,000,000) | ($4,500,000) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 |
| ACTUAL CAP HIT
|
$2,416,667 | $916,667 | $2,416,667 | $1,666,667 | $1,666,667 | $1,666,667 |
| Savings | $2,833,333 | $4,333,333 | $2,833,333 | $-1,666,667 | $-1,666,667 | $-1,666,667 |
Active Contract
Standard Contract | 5 Years $26,250,000 6.44% of cap space
| 2018-2019 | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | ||
|---|---|---|---|---|---|---|
| Cap Hit | $5,250,000 | $5,250,000 | $5,250,000 | $5,250,000 | $5,250,000 | UFA |
| AAV | $5,250,000 | $5,250,000 | $5,250,000 | $5,250,000 | $5,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $5,250,000 | $6,000,000 | $4,500,000 | $6,000,000 | $4,500,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $5,250,000 | $6,000,000 | $4,500,000 | $6,000,000 | $4,500,000 | |
| Minors Salary | $5,250,000 | $6,000,000 | $4,500,000 | $6,000,000 | $4,500,000 | |
| Clauses | ||||||
| UFA Year | ||||||
| Buy It Out | Buy It Out | Buy It Out | ||||