Michael Grabner buyout calculator, cap hit impact

Michael Grabner Buyout Cap Implications

Birthdate October 5, 1987

Michael Grabner was bought by Arizona Coyotes logo 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 was 32 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost was $2,516,667
Remaining base salary
($3,775,000 * 67% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $1,258,333
(Total buyout cost/2 years)

Michael Grabner buyout details 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$3,775,000
$3,775,000 $0
Original Cap Hit $3,350,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($3,775,000) ($0)
Annual Buyout Cost $1,258,333 $1,258,333
ACTUAL CAP HIT Arizona Coyotes logo $833,333 $1,258,333
Savings $2,516,667 $-1,258,333