Kyle Turris buyout calculator, cap hit impact
Kyle Turris Buyout Cap Implications
Birthdate August 14, 1989
Kyle Turris was bought by 
out prior to the 2020-2021 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 was 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 was $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $2,000,000
(Total buyout cost/8 years)
Kyle Turris buyout details 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
Remaining Base Salary
$24,000,000
$6,000,000
$6,000,000
$6,000,000
$6,000,000
$0
$0
$0
$0
Original Cap Hit
$6,000,000
$6,000,000
$6,000,000
$6,000,000
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($6,000,000)
($6,000,000)
($6,000,000)
($6,000,000)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
ACTUAL CAP HIT
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
$2,000,000
Savings
$4,000,000
$4,000,000
$4,000,000
$4,000,000
$-2,000,000
$-2,000,000
$-2,000,000
$-2,000,000
Birthdate August 14, 1989
Kyle Turris was bought by
out prior to the 2020-2021 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 was 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 was $16,000,000
Remaining base salary
($24,000,000 * 67% buyout multiplier).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $2,000,000
(Total buyout cost/8 years)
Kyle Turris buyout details 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | |
|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $24,000,000 |
$6,000,000 | $6,000,000 | $6,000,000 | $6,000,000 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $6,000,000 | $6,000,000 | $6,000,000 | $6,000,000 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($6,000,000) | ($6,000,000) | ($6,000,000) | ($6,000,000) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| ACTUAL CAP HIT
|
$2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 |
| Savings | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 | $-2,000,000 | $-2,000,000 | $-2,000,000 | $-2,000,000 |