Luke Glendening buyout calculator, cap hit impact
Luke Glendening Buyout Cap Implications
Birthdate April 28, 1989
If Luke Glendening 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 34 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 $1,066,667
Remaining base salary
($1,600,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $266,667
(Total buyout cost/4 years)
Luke Glendening projected buyout 2022-2023 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$1,600,000
$800,000
$800,000
$0
$0
Original Cap Hit
$800,000
$800,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($800,000)
($800,000)
($0)
($0)
Annual Buyout Cost
$266,667
$266,667
$266,667
$266,667
ACTUAL CAP HIT 
$266,667
$266,667
$266,667
$266,667
Savings
$533,333
$533,333
$-266,667
$-266,667
Birthdate April 28, 1989
If Luke Glendening 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 34 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 $1,066,667
Remaining base salary
($1,600,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $266,667
(Total buyout cost/4 years)
Luke Glendening projected buyout 2022-2023 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $1,600,000 |
$800,000 | $800,000 | $0 | $0 |
| Original Cap Hit | $800,000 | $800,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($800,000) | ($800,000) | ($0) | ($0) |
| Annual Buyout Cost | $266,667 | $266,667 | $266,667 | $266,667 |
| ACTUAL CAP HIT
|
$266,667 | $266,667 | $266,667 | $266,667 |
| Savings | $533,333 | $533,333 | $-266,667 | $-266,667 |
Active Contract
Standard Contract | 2 Years $1,600,000 0.96% of cap space
| 2023-2024 | 2024-2025 | ||
|---|---|---|---|
| Cap Hit | $800,000 | $800,000 | UFA |
| AAV | $800,000 | $800,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $800,000 | $800,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $800,000 | $800,000 | |
| Minors Salary | $800,000 | $800,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | Buy It Out | ||