Kyle Palmieri buyout calculator, cap hit impact
Kyle Palmieri Buyout Cap Implications
Birthdate February 1, 1991
If Kyle Palmieri 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 31 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)
Kyle Palmieri projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
Remaining Base Salary
$15,000,000
$5,000,000
$5,000,000
$5,000,000
$0
$0
$0
Original Cap Hit
$5,000,000
$5,000,000
$5,000,000
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
Contract Total Salary
($5,000,000)
($5,000,000)
($5,000,000)
($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 
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$1,666,667
$1,666,667
Savings
$3,333,333
$3,333,333
$3,333,333
$-1,666,667
$-1,666,667
$-1,666,667
Birthdate February 1, 1991
If Kyle Palmieri 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 31 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)
Kyle Palmieri projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $15,000,000 |
$5,000,000 | $5,000,000 | $5,000,000 | $0 | $0 | $0 |
| Original Cap Hit | $5,000,000 | $5,000,000 | $5,000,000 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($5,000,000) | ($5,000,000) | ($5,000,000) | ($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
|
$1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 | $1,666,667 |
| Savings | $3,333,333 | $3,333,333 | $3,333,333 | $-1,666,667 | $-1,666,667 | $-1,666,667 |
Active Contract
Standard Contract | 4 Years $20,000,000 5.99% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|---|
| Cap Hit | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 | UFA |
| AAV | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | |
| Total Salary | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 | |
| Minors Salary | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 | |
| Clauses | NTC | NTC | M-NTC | M-NTC | |
| UFA Year | |||||
| Buy It Out | Buy It Out | ||||
| *No Trade Clause – through June 30, 2023; Modified No Trade – July 1, 2023 – 16 team no trade list. | |||||