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
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
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 |