Kevin Labanc buyout calculator, cap hit impact
Kevin Labanc Buyout Cap Implications
Birthdate December 12, 1995
If Kevin Labanc 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 26 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 $7,833,333
Remaining base salary
($11,750,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,958,333
(Total buyout cost/4 years)
Kevin Labanc projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$11,750,000
$5,875,000
$5,875,000
$0
$0
Original Cap Hit
$4,725,000
$4,725,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($5,875,000)
($5,875,000)
($0)
($0)
Annual Buyout Cost
$1,958,333
$1,958,333
$1,958,333
$1,958,333
ACTUAL CAP HIT 
$808,333
$808,333
$1,958,333
$1,958,333
Savings
$3,916,667
$3,916,667
$-1,958,333
$-1,958,333
Birthdate December 12, 1995
If Kevin Labanc 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 26 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 $7,833,333
Remaining base salary
($11,750,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $1,958,333
(Total buyout cost/4 years)
Kevin Labanc projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $11,750,000 |
$5,875,000 | $5,875,000 | $0 | $0 |
| Original Cap Hit | $4,725,000 | $4,725,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($5,875,000) | ($5,875,000) | ($0) | ($0) |
| Annual Buyout Cost | $1,958,333 | $1,958,333 | $1,958,333 | $1,958,333 |
| ACTUAL CAP HIT
|
$808,333 | $808,333 | $1,958,333 | $1,958,333 |
| Savings | $3,916,667 | $3,916,667 | $-1,958,333 | $-1,958,333 |
Active Contract
Standard Contract | 4 Years $18,900,000 5.73% of cap space
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|---|
| Cap Hit | $4,725,000 | $4,725,000 | $4,725,000 | $4,725,000 | UFA |
| AAV | $4,725,000 | $4,725,000 | $4,725,000 | $4,725,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $1,700,000 | $2,950,000 | $5,875,000 | $5,875,000 | |
| Signing Bonuses | $1,500,000 | $1,000,000 | $0 | $0 | |
| Total Salary | $3,200,000 | $3,950,000 | $5,875,000 | $5,875,000 | |
| Minors Salary | $3,200,000 | $3,950,000 | $5,875,000 | $5,875,000 | |
| Clauses | |||||
| UFA Year | |||||
| Buy It Out | Buy It Out | ||||