Mitch Eliot buyout calculator, cap hit impact
Mitch Eliot Buyout Cap Implications
Birthdate February 6, 1998
If Mitch Eliot 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 $277,500
Remaining base salary
($832,500 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $138,750
(Total buyout cost/2 years)
Mitch Eliot projected buyout 2020-2021 season
2020-2021
2021-2022
Remaining Base Salary
$832,500
$832,500
$0
Original Cap Hit
$822,500
$0
Contract Signing Bonus
$92,500
$0
Contract Total Salary
($925,000)
($0)
Annual Buyout Cost
$138,750
$138,750
ACTUAL CAP HIT 
$128,750
$138,750
Savings
$693,750
$-138,750
Birthdate February 6, 1998
If Mitch Eliot 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 $277,500
Remaining base salary
($832,500 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $138,750
(Total buyout cost/2 years)
Mitch Eliot projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | |
|---|---|---|
| Remaining Base Salary $832,500 |
$832,500 | $0 |
| Original Cap Hit | $822,500 | $0 |
| Contract Signing Bonus | $92,500 | $0 |
| Contract Total Salary | ($925,000) | ($0) |
| Annual Buyout Cost | $138,750 | $138,750 |
| ACTUAL CAP HIT
|
$128,750 | $138,750 |
| Savings | $693,750 | $-138,750 |
Active Contract
Entry Level Contract | 3 Years $2,467,500 1.01% of cap space
| 2018-2019 | 2019-2020 | 2020-2021 | ||
|---|---|---|---|---|
| Cap Hit | $822,500 | $822,500 | $822,500 | RFA |
| AAV | $850,000 | $850,000 | $850,000 | |
| Performance Bonuses | $0 | $82,500 | $0 | |
| Base Salary | $650,000 | $750,000 | $832,500 | |
| Signing Bonuses | $50,000 | $92,500 | $92,500 | |
| Total Salary | $700,000 | $842,500 | $925,000 | |
| Minors Salary | $70,000 | $70,000 | $70,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | ||||