Leon Gawanke buyout calculator, cap hit impact
Leon Gawanke Buyout Cap Implications
Birthdate May 31, 1999
If Leon Gawanke was bought 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 would be 21 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $540,000
Remaining base salary
($1,620,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $135,000
(Total buyout cost/4 years)
Leon Gawanke projected buyout 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
Remaining Base Salary
$1,620,000
$810,000
$810,000
$0
$0
Original Cap Hit
$810,000
$810,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($810,000)
($810,000)
($0)
($0)
Annual Buyout Cost
$135,000
$135,000
$135,000
$135,000
ACTUAL CAP HIT 
$135,000
$135,000
$135,000
$135,000
Savings
$675,000
$675,000
$-135,000
$-135,000
Birthdate May 31, 1999
If Leon Gawanke was bought 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 would be 21 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $540,000
Remaining base salary
($1,620,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $135,000
(Total buyout cost/4 years)
Leon Gawanke projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | |
|---|---|---|---|---|
| Remaining Base Salary $1,620,000 |
$810,000 | $810,000 | $0 | $0 |
| Original Cap Hit | $810,000 | $810,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($810,000) | ($810,000) | ($0) | ($0) |
| Annual Buyout Cost | $135,000 | $135,000 | $135,000 | $135,000 |
| ACTUAL CAP HIT
|
$135,000 | $135,000 | $135,000 | $135,000 |
| Savings | $675,000 | $675,000 | $-135,000 | $-135,000 |
Active Contract
Entry Level Contract | 3 Years $2,430,000 0.99% of cap space
| 2019-2020 | 2020-2021 | 2021-2022 | ||
|---|---|---|---|---|
| Cap Hit | $810,000 | $810,000 | $810,000 | RFA |
| AAV | $810,000 | $810,000 | $810,000 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $810,000 | $810,000 | $810,000 | |
| Signing Bonuses | $0 | $0 | $0 | |
| Total Salary | $810,000 | $810,000 | $810,000 | |
| Minors Salary | $70,000 | $70,000 | $70,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | Buy It Out | Buy It Out | ||