Justin Faulk buyout calculator, cap hit impact
Justin Faulk Buyout Cap Implications
Birthdate March 20, 1992
If Justin Faulk was bought out prior to the 2022-2023 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 30 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 $18,333,333
Remaining base salary
($27,500,000 * 67% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $1,833,333
(Total buyout cost/10 years)
Justin Faulk projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
Remaining Base Salary
$27,500,000
$5,850,000
$7,900,000
$4,750,000
$4,500,000
$4,500,000
$0
$0
$0
$0
$0
Original Cap Hit
$6,500,000
$6,500,000
$6,500,000
$6,500,000
$6,500,000
$0
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($5,850,000)
($7,900,000)
($4,750,000)
($4,500,000)
($4,500,000)
($0)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
ACTUAL CAP HIT 
$2,483,333
$433,333
$3,583,333
$3,833,333
$3,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
$1,833,333
Savings
$4,016,667
$6,066,667
$2,916,667
$2,666,667
$2,666,667
$-1,833,333
$-1,833,333
$-1,833,333
$-1,833,333
$-1,833,333
Birthdate March 20, 1992
If Justin Faulk was bought out prior to the 2022-2023 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 30 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 $18,333,333
Remaining base salary
($27,500,000 * 67% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $1,833,333
(Total buyout cost/10 years)
Justin Faulk projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | 2031-2032 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $27,500,000 |
$5,850,000 | $7,900,000 | $4,750,000 | $4,500,000 | $4,500,000 | $0 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $0 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($5,850,000) | ($7,900,000) | ($4,750,000) | ($4,500,000) | ($4,500,000) | ($0) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 |
| ACTUAL CAP HIT
|
$2,483,333 | $433,333 | $3,583,333 | $3,833,333 | $3,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 | $1,833,333 |
| Savings | $4,016,667 | $6,066,667 | $2,916,667 | $2,666,667 | $2,666,667 | $-1,833,333 | $-1,833,333 | $-1,833,333 | $-1,833,333 | $-1,833,333 |
Active Contract
Standard Contract | 7 Years $45,500,000 7.78% of cap space
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | ||
|---|---|---|---|---|---|---|---|---|
| Cap Hit | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | UFA |
| AAV | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | $6,500,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $9,000,000 | $9,000,000 | $5,850,000 | $7,900,000 | $4,750,000 | $4,500,000 | $4,500,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $9,000,000 | $9,000,000 | $5,850,000 | $7,900,000 | $4,750,000 | $4,500,000 | $4,500,000 | |
| Minors Salary | $9,000,000 | $9,000,000 | $5,850,000 | $7,900,000 | $4,750,000 | $4,500,000 | $4,500,000 | |
| Clauses | NTC | NTC | NTC | NTC | NTC | M-NTC | M-NTC | |
| UFA Year | ||||||||
| Buy It Out | Buy It Out | Buy It Out | Buy It Out | |||||
| Years 6/7: 15 Team No Trade List | ||||||||