Mitchell Russell buyout calculator, cap hit impact
Mitchell Russell Buyout Cap Implications
Birthdate March 6, 2001
If Mitchell Russell was bought out prior to the 2023-2024 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 $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/4 years)
Mitchell Russell projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
Remaining Base Salary
$1,550,000
$775,000
$775,000
$0
$0
Original Cap Hit
$836,667
$836,667
$0
$0
Contract Signing Bonus
$70,000
$70,000
$0
$0
Contract Total Salary
($845,000)
($845,000)
($0)
($0)
Annual Buyout Cost
$129,167
$129,167
$129,167
$129,167
ACTUAL CAP HIT 
$190,834
$190,834
$129,167
$129,167
Savings
$645,833
$645,833
$-129,167
$-129,167
Birthdate March 6, 2001
If Mitchell Russell was bought out prior to the 2023-2024 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 $516,667
Remaining base salary
($1,550,000 * 33% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/4 years)
Mitchell Russell projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | |
|---|---|---|---|---|
| Remaining Base Salary $1,550,000 |
$775,000 | $775,000 | $0 | $0 |
| Original Cap Hit | $836,667 | $836,667 | $0 | $0 |
| Contract Signing Bonus | $70,000 | $70,000 | $0 | $0 |
| Contract Total Salary | ($845,000) | ($845,000) | ($0) | ($0) |
| Annual Buyout Cost | $129,167 | $129,167 | $129,167 | $129,167 |
| ACTUAL CAP HIT
|
$190,834 | $190,834 | $129,167 | $129,167 |
| Savings | $645,833 | $645,833 | $-129,167 | $-129,167 |
Active Contract
Entry Level Contract | 3 Years $2,510,001 1.00% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|
| Cap Hit | $836,667 | $836,667 | $836,667 | RFA |
| AAV | $836,667 | $836,667 | $836,667 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $750,000 | $775,000 | $775,000 | |
| Signing Bonuses | $70,000 | $70,000 | $70,000 | |
| Total Salary | $820,000 | $845,000 | $845,000 | |
| Minors Salary | $70,000 | $75,000 | $80,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | Buy It Out | |||