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 2024-2025 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 33 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 $3,333,333
Remaining base salary
($5,000,000 * 67% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $1,666,667
(Total buyout cost/2 years)

Kyle Palmieri projected buyout 2024-2025 season
2024-2025 2025-2026
Remaining Base Salary
$5,000,000
$5,000,000 $0
Original Cap Hit $5,000,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($5,000,000) ($0)
Annual Buyout Cost $1,666,667 $1,666,667
ACTUAL CAP HIT New York Islanders logo $1,666,667 $1,666,667
Savings $3,333,333 $-1,666,667

Active Contract

Signing Team New York Islanders logo
Signing Date September 1, 2021
Signing Status UFA
Agent Stephen Bartlett
Standard Contract | 4 Years $20,000,000 6.13% 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 Buy It Out Buy It Out
*No Trade Clause – through June 30, 2023; Modified No Trade – July 1, 2023 – 16 team no trade list.