Michael McNiven buyout calculator, cap hit impact
Michael McNiven Buyout Cap Implications
Birthdate July 9, 1997
If Michael McNiven 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 22 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $116,667
(Total buyout cost/2 years)
Michael McNiven projected buyout 2020-2021 season
2020-2021
2021-2022
Remaining Base Salary
$700,000
$700,000
$0
Original Cap Hit
$700,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($700,000)
($0)
Annual Buyout Cost
$116,667
$116,667
ACTUAL CAP HIT 
$116,667
$116,667
Savings
$583,333
$-116,667
Birthdate July 9, 1997
If Michael McNiven 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 22 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 $233,333
Remaining base salary
($700,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $116,667
(Total buyout cost/2 years)
Michael McNiven projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | |
|---|---|---|
| Remaining Base Salary $700,000 |
$700,000 | $0 |
| Original Cap Hit | $700,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($700,000) | ($0) |
| Annual Buyout Cost | $116,667 | $116,667 |
| ACTUAL CAP HIT
|
$116,667 | $116,667 |
| Savings | $583,333 | $-116,667 |
Active Contract
Standard Contract | 1 Years $700,000 0.86% of cap space
| 2020-2021 | ||
|---|---|---|
| Cap Hit | $700,000 | RFA |
| AAV | $700,000 | |
| Performance Bonuses | $0 | |
| Base Salary | $700,000 | |
| Signing Bonuses | $0 | |
| Total Salary | $700,000 | |
| Minors Salary | $75,000 | |
| Clauses | ||
| UFA Year | ||
| Buy It Out | ||