Michael Rasmussen buyout calculator, cap hit impact
Michael Rasmussen Buyout Cap Implications
Birthdate April 17, 1999
If Michael Rasmussen 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 23 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 $1,126,667
Remaining base salary
($3,380,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $281,667
(Total buyout cost/4 years)
Michael Rasmussen projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$3,380,000
$1,480,000
$1,900,000
$0
$0
Original Cap Hit
$1,460,000
$1,460,000
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($1,480,000)
($1,900,000)
($0)
($0)
Annual Buyout Cost
$281,667
$281,667
$281,667
$281,667
ACTUAL CAP HIT 
$261,667
$-158,333
$281,667
$281,667
Savings
$1,198,333
$1,618,333
$-281,667
$-281,667
Birthdate April 17, 1999
If Michael Rasmussen 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 23 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 $1,126,667
Remaining base salary
($3,380,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $281,667
(Total buyout cost/4 years)
Michael Rasmussen projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $3,380,000 |
$1,480,000 | $1,900,000 | $0 | $0 |
| Original Cap Hit | $1,460,000 | $1,460,000 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($1,480,000) | ($1,900,000) | ($0) | ($0) |
| Annual Buyout Cost | $281,667 | $281,667 | $281,667 | $281,667 |
| ACTUAL CAP HIT
|
$261,667 | $-158,333 | $281,667 | $281,667 |
| Savings | $1,198,333 | $1,618,333 | $-281,667 | $-281,667 |
Active Contract
Standard Contract | 3 Years $4,380,000 1.75% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | ||
|---|---|---|---|---|
| Cap Hit | $1,460,000 | $1,460,000 | $1,460,000 | RFA |
| AAV | $1,460,000 | $1,460,000 | $1,460,000 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $1,100,000 | $1,480,000 | $1,900,000 | |
| Signing Bonuses | $0 | $0 | $0 | |
| Total Salary | $1,100,000 | $1,480,000 | $1,900,000 | |
| Minors Salary | $1,100,000 | $1,480,000 | $1,900,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | ||||