Luke Evangelista buyout calculator, cap hit impact
Luke Evangelista Buyout Cap Implications
Birthdate February 21, 2002
If Luke Evangelista 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 18 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 $733,333
Remaining base salary
($2,200,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $122,222
(Total buyout cost/6 years)
Luke Evangelista projected buyout 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$2,200,000
$700,000
$750,000
$750,000
$0
$0
$0
Original Cap Hit
$825,833
$825,833
$825,833
$0
$0
$0
Contract Signing Bonus
$92,500
$92,500
$92,500
$0
$0
$0
Contract Total Salary
($792,500)
($842,500)
($842,500)
($0)
($0)
($0)
Annual Buyout Cost
$122,222
$122,222
$122,222
$122,222
$122,222
$122,222
ACTUAL CAP HIT 
$248,055
$198,055
$198,055
$122,222
$122,222
$122,222
Savings
$577,778
$627,778
$627,778
$-122,222
$-122,222
$-122,222
Birthdate February 21, 2002
If Luke Evangelista 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 18 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 $733,333
Remaining base salary
($2,200,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $122,222
(Total buyout cost/6 years)
Luke Evangelista projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $2,200,000 |
$700,000 | $750,000 | $750,000 | $0 | $0 | $0 |
| Original Cap Hit | $825,833 | $825,833 | $825,833 | $0 | $0 | $0 |
| Contract Signing Bonus | $92,500 | $92,500 | $92,500 | $0 | $0 | $0 |
| Contract Total Salary | ($792,500) | ($842,500) | ($842,500) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $122,222 | $122,222 | $122,222 | $122,222 | $122,222 | $122,222 |
| ACTUAL CAP HIT
|
$248,055 | $198,055 | $198,055 | $122,222 | $122,222 | $122,222 |
| Savings | $577,778 | $627,778 | $627,778 | $-122,222 | $-122,222 | $-122,222 |
Active Contract
Entry Level Contract | 3 Years $2,477,499 1.01% of cap space
| 2020-2021 | 2021-2022 | 2022-2023 | ||
|---|---|---|---|---|
| Cap Hit | $825,833 | $825,833 | $825,833 | RFA |
| AAV | $925,000 | $925,000 | $925,000 | |
| Performance Bonuses | $132,500 | $82,500 | $57,500 | |
| Base Salary | $700,000 | $750,000 | $750,000 | |
| Signing Bonuses | $92,500 | $92,500 | $92,500 | |
| Total Salary | $792,500 | $842,500 | $842,500 | |
| Minors Salary | $80,000 | $80,000 | $80,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | Buy It Out | Buy It Out | ||