Matt Benning buyout calculator, cap hit impact
Matt Benning Buyout Cap Implications
Birthdate May 25, 1994
If Matt Benning 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 28 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).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $416,667
(Total buyout cost/8 years)
Matt Benning projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
Remaining Base Salary
$5,000,000
$1,250,000
$1,250,000
$1,250,000
$1,250,000
$0
$0
$0
$0
Original Cap Hit
$1,250,000
$1,250,000
$1,250,000
$1,250,000
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($1,250,000)
($1,250,000)
($1,250,000)
($1,250,000)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
ACTUAL CAP HIT 
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
$416,667
Savings
$833,333
$833,333
$833,333
$833,333
$-416,667
$-416,667
$-416,667
$-416,667
Birthdate May 25, 1994
If Matt Benning 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 28 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).
4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)
Annual buyout cost of $416,667
(Total buyout cost/8 years)
Matt Benning projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | |
|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $5,000,000 |
$1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($1,250,000) | ($1,250,000) | ($1,250,000) | ($1,250,000) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 |
| ACTUAL CAP HIT
|
$416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 | $416,667 |
| Savings | $833,333 | $833,333 | $833,333 | $833,333 | $-416,667 | $-416,667 | $-416,667 | $-416,667 |
Active Contract
Standard Contract | 4 Years $5,000,000 1.50% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | ||
|---|---|---|---|---|---|
| Cap Hit | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | UFA |
| AAV | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | |
| Total Salary | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | |
| Minors Salary | $1,250,000 | $1,250,000 | $1,250,000 | $1,250,000 | |
| Clauses | |||||
| UFA Year | |||||
| Buy It Out | Buy It Out | Buy It Out | |||