Noel Gunler buyout calculator, cap hit impact

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Noel Gunler Buyout Cap Implications

Birthdate October 7, 2001

If Noel Gunler 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 20 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 $775,000
Remaining base salary
($2,325,000 * 33% buyout multiplier)
.

3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)

Annual buyout cost of $129,167
(Total buyout cost/6 years)

Noel Gunler projected buyout 2022-2023 season
2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028
Remaining Base Salary
$2,325,000
$775,000 $775,000 $775,000 $0 $0 $0
Original Cap Hit $862,500 $862,500 $862,500 $0 $0 $0
Contract Signing Bonus $87,500 $87,500 $87,500 $0 $0 $0
Contract Total Salary ($862,500) ($862,500) ($862,500) ($0) ($0) ($0)
Annual Buyout Cost $129,167 $129,167 $129,167 $129,167 $129,167 $129,167
ACTUAL CAP HIT Carolina Hurricanes logo $216,667 $216,667 $216,667 $129,167 $129,167 $129,167
Savings $645,833 $645,833 $645,833 $-129,167 $-129,167 $-129,167

Active Contract

Signing Team Carolina Hurricanes logo
Signing Date March 31, 2022
Agent Peter Wallen
Entry Level Contract | 3 Years $2,587,500 1.05% of cap space
2022-2023 2023-2024 2024-2025
Cap Hit $862,500 $862,500 $862,500
RFA
AAV $875,000 $875,000 $875,000
Performance Bonuses $12,500 $12,500 $12,500
Base Salary $775,000 $775,000 $775,000
Signing Bonuses $87,500 $87,500 $87,500
Total Salary $862,500 $862,500 $862,500
Minors Salary $80,000 $80,000 $80,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out