Miles Wood buyout calculator, cap hit impact
Miles Wood Buyout Cap Implications
Birthdate September 13, 1995
If Miles Wood 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 27 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 $10,000,000
Remaining base salary
($15,000,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $833,333
(Total buyout cost/12 years)
Miles Wood projected buyout 2022-2023 season
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
2031-2032
2032-2033
2033-2034
2034-2035
Remaining Base Salary
$15,000,000
$3,250,000
$3,250,000
$2,500,000
$2,000,000
$2,000,000
$2,000,000
$0
$0
$0
$0
$0
$0
Original Cap Hit
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$2,500,000
$0
$0
$0
$0
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Contract Total Salary
($3,250,000)
($3,250,000)
($2,500,000)
($2,000,000)
($2,000,000)
($2,000,000)
($0)
($0)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
ACTUAL CAP HIT 
$83,333
$83,333
$833,333
$1,333,333
$1,333,333
$1,333,333
$833,333
$833,333
$833,333
$833,333
$833,333
$833,333
Savings
$2,416,667
$2,416,667
$1,666,667
$1,166,667
$1,166,667
$1,166,667
$-833,333
$-833,333
$-833,333
$-833,333
$-833,333
$-833,333
Birthdate September 13, 1995
If Miles Wood 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 27 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 $10,000,000
Remaining base salary
($15,000,000 * 67% buyout multiplier).
6 years left in contract.
Buyout applied over 12 years
(2x years remaining on contract)
Annual buyout cost of $833,333
(Total buyout cost/12 years)
Miles Wood projected buyout 2022-2023 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | 2031-2032 | 2032-2033 | 2033-2034 | 2034-2035 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $15,000,000 |
$3,250,000 | $3,250,000 | $2,500,000 | $2,000,000 | $2,000,000 | $2,000,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($3,250,000) | ($3,250,000) | ($2,500,000) | ($2,000,000) | ($2,000,000) | ($2,000,000) | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 |
| ACTUAL CAP HIT
|
$83,333 | $83,333 | $833,333 | $1,333,333 | $1,333,333 | $1,333,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 | $833,333 |
| Savings | $2,416,667 | $2,416,667 | $1,666,667 | $1,166,667 | $1,166,667 | $1,166,667 | $-833,333 | $-833,333 | $-833,333 | $-833,333 | $-833,333 | $-833,333 |
Active Contract
Standard Contract | 6 Years $15,000,000 2.99% of cap space
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | ||
|---|---|---|---|---|---|---|---|
| Cap Hit | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | UFA |
| AAV | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | $2,500,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $3,250,000 | $3,250,000 | $2,500,000 | $2,000,000 | $2,000,000 | $2,000,000 | |
| Signing Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Salary | $3,250,000 | $3,250,000 | $2,500,000 | $2,000,000 | $2,000,000 | $2,000,000 | |
| Minors Salary | $3,250,000 | $3,250,000 | $2,500,000 | $2,000,000 | $2,000,000 | $2,000,000 | |
| Clauses | M-NTC | M-NTC | M-NTC | M-NTC | M-NTC | M-NTC | |
| UFA Year | |||||||
| Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | Buy It Out | ||
| 6 Team No Trade List; commences June 15, 2024 | |||||||