Kevin Rooney buyout calculator, cap hit impact
Kevin Rooney Buyout Cap Implications
Birthdate May 21, 1993
If Kevin Rooney 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 29 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 $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $433,333
(Total buyout cost/4 years)
Kevin Rooney projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$2,600,000
$1,300,000
$1,300,000
$0
$0
Original Cap Hit
$1,300,000
$1,300,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($1,300,000)
($1,300,000)
($0)
($0)
Annual Buyout Cost
$433,333
$433,333
$433,333
$433,333
ACTUAL CAP HIT 
$433,333
$433,333
$433,333
$433,333
Savings
$866,667
$866,667
$-433,333
$-433,333
Birthdate May 21, 1993
If Kevin Rooney 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 29 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 $1,733,333
Remaining base salary
($2,600,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $433,333
(Total buyout cost/4 years)
Kevin Rooney projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $2,600,000 |
$1,300,000 | $1,300,000 | $0 | $0 |
| Original Cap Hit | $1,300,000 | $1,300,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($1,300,000) | ($1,300,000) | ($0) | ($0) |
| Annual Buyout Cost | $433,333 | $433,333 | $433,333 | $433,333 |
| ACTUAL CAP HIT
|
$433,333 | $433,333 | $433,333 | $433,333 |
| Savings | $866,667 | $866,667 | $-433,333 | $-433,333 |
Active Contract
Standard Contract | 2 Years $2,600,000 1.56% of cap space
| 2022-2023 | 2023-2024 | ||
|---|---|---|---|
| Cap Hit | $1,300,000 | $1,300,000 | UFA |
| AAV | $1,300,000 | $1,300,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $1,300,000 | $1,300,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $1,300,000 | $1,300,000 | |
| Minors Salary | $1,300,000 | $1,300,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||