Matt Martin buyout calculator, cap hit impact
Matt Martin Buyout Cap Implications
Birthdate May 8, 1989
If Matt Martin 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 33 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 $2,000,000
Remaining base salary
($3,000,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $500,000
(Total buyout cost/4 years)
Matt Martin projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$3,000,000
$1,500,000
$1,500,000
$0
$0
Original Cap Hit
$1,500,000
$1,500,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($1,500,000)
($1,500,000)
($0)
($0)
Annual Buyout Cost
$500,000
$500,000
$500,000
$500,000
ACTUAL CAP HIT 
$500,000
$500,000
$500,000
$500,000
Savings
$1,000,000
$1,000,000
$-500,000
$-500,000
Birthdate May 8, 1989
If Matt Martin 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 33 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 $2,000,000
Remaining base salary
($3,000,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $500,000
(Total buyout cost/4 years)
Matt Martin projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $3,000,000 |
$1,500,000 | $1,500,000 | $0 | $0 |
| Original Cap Hit | $1,500,000 | $1,500,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($1,500,000) | ($1,500,000) | ($0) | ($0) |
| Annual Buyout Cost | $500,000 | $500,000 | $500,000 | $500,000 |
| ACTUAL CAP HIT
|
$500,000 | $500,000 | $500,000 | $500,000 |
| Savings | $1,000,000 | $1,000,000 | $-500,000 | $-500,000 |
Active Contract
Standard Contract | 4 Years $6,000,000 1.84% of cap space
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|---|
| Cap Hit | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | UFA |
| AAV | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | |
| Base Salary | $700,000 | $1,500,000 | $1,500,000 | $1,500,000 | |
| Signing Bonuses | $800,000 | $0 | $0 | $0 | |
| Total Salary | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | |
| Minors Salary | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 | |
| Clauses | |||||
| UFA Year | |||||
| Buy It Out | Buy It Out | Buy It Out | |||