Nick Schmaltz buyout calculator, cap hit impact
Nick Schmaltz Buyout Cap Implications
Birthdate February 23, 1996
If Nick Schmaltz was bought out prior to the 2021-2022 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 25 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 $10,316,667
Remaining base salary
($30,950,000 * 33% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $1,031,667
(Total buyout cost/10 years)
Nick Schmaltz projected buyout 2021-2022 season
2021-2022
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
2029-2030
2030-2031
Remaining Base Salary
$30,950,000
$5,000,000
$4,500,000
$7,500,000
$6,950,000
$7,000,000
$0
$0
$0
$0
$0
Original Cap Hit
$5,850,000
$5,850,000
$5,850,000
$5,850,000
$5,850,000
$0
$0
$0
$0
$0
Contract Signing Bonus
$1,000,000
$0
$0
$1,500,000
$1,500,000
$0
$0
$0
$0
$0
Contract Total Salary
($6,000,000)
($4,500,000)
($7,500,000)
($8,450,000)
($8,500,000)
($0)
($0)
($0)
($0)
($0)
Annual Buyout Cost
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
ACTUAL CAP HIT 
$1,881,667
$2,381,667
$-618,333
$-68,333
$-118,333
$1,031,667
$1,031,667
$1,031,667
$1,031,667
$1,031,667
Savings
$3,968,333
$3,468,333
$6,468,333
$5,918,333
$5,968,333
$-1,031,667
$-1,031,667
$-1,031,667
$-1,031,667
$-1,031,667
Birthdate February 23, 1996
If Nick Schmaltz was bought out prior to the 2021-2022 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 25 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 $10,316,667
Remaining base salary
($30,950,000 * 33% buyout multiplier).
5 years left in contract.
Buyout applied over 10 years
(2x years remaining on contract)
Annual buyout cost of $1,031,667
(Total buyout cost/10 years)
Nick Schmaltz projected buyout 2021-2022 season
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | 2029-2030 | 2030-2031 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Remaining Base Salary $30,950,000 |
$5,000,000 | $4,500,000 | $7,500,000 | $6,950,000 | $7,000,000 | $0 | $0 | $0 | $0 | $0 |
| Original Cap Hit | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $0 | $0 | $0 | $0 | $0 |
| Contract Signing Bonus | $1,000,000 | $0 | $0 | $1,500,000 | $1,500,000 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($6,000,000) | ($4,500,000) | ($7,500,000) | ($8,450,000) | ($8,500,000) | ($0) | ($0) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 |
| ACTUAL CAP HIT
|
$1,881,667 | $2,381,667 | $-618,333 | $-68,333 | $-118,333 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 | $1,031,667 |
| Savings | $3,968,333 | $3,468,333 | $6,468,333 | $5,918,333 | $5,968,333 | $-1,031,667 | $-1,031,667 | $-1,031,667 | $-1,031,667 | $-1,031,667 |
Active Contract
Standard Contract | 7 Years $40,950,000 7.18% of cap space
| 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | ||
|---|---|---|---|---|---|---|---|---|
| Cap Hit | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | UFA |
| AAV | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | $5,850,000 | |
| Performance Bonuses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Base Salary | $2,500,000 | $3,000,000 | $5,000,000 | $4,500,000 | $7,500,000 | $6,950,000 | $7,000,000 | |
| Signing Bonuses | $500,000 | $0 | $1,000,000 | $0 | $0 | $1,500,000 | $1,500,000 | |
| Total Salary | $3,000,000 | $3,000,000 | $6,000,000 | $4,500,000 | $7,500,000 | $8,450,000 | $8,500,000 | |
| Minors Salary | $3,000,000 | $3,000,000 | $6,500,000 | $4,500,000 | $7,500,000 | $8,450,000 | $8,500,000 | |
| Clauses | 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 | |||
| 10 Team No Trade List | ||||||||