Olen Zellweger buyout calculator, cap hit impact
Olen Zellweger Buyout Cap Implications
Birthdate September 10, 2003
If Olen Zellweger 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 19 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 $813,333
Remaining base salary
($2,440,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $135,556
(Total buyout cost/6 years)
Olen Zellweger projected buyout 2023-2024 season
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
2028-2029
Remaining Base Salary
$2,440,000
$775,000
$832,500
$832,500
$0
$0
$0
Original Cap Hit
$844,167
$844,167
$844,167
$0
$0
$0
Contract Signing Bonus
$92,500
$0
$0
$0
$0
$0
Contract Total Salary
($867,500)
($832,500)
($832,500)
($0)
($0)
($0)
Annual Buyout Cost
$135,556
$135,556
$135,556
$135,556
$135,556
$135,556
ACTUAL CAP HIT 
$204,723
$147,223
$147,223
$135,556
$135,556
$135,556
Savings
$639,444
$696,944
$696,944
$-135,556
$-135,556
$-135,556
Birthdate September 10, 2003
If Olen Zellweger 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 19 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 $813,333
Remaining base salary
($2,440,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $135,556
(Total buyout cost/6 years)
Olen Zellweger projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | 2028-2029 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $2,440,000 |
$775,000 | $832,500 | $832,500 | $0 | $0 | $0 |
| Original Cap Hit | $844,167 | $844,167 | $844,167 | $0 | $0 | $0 |
| Contract Signing Bonus | $92,500 | $0 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($867,500) | ($832,500) | ($832,500) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $135,556 | $135,556 | $135,556 | $135,556 | $135,556 | $135,556 |
| ACTUAL CAP HIT
|
$204,723 | $147,223 | $147,223 | $135,556 | $135,556 | $135,556 |
| Savings | $639,444 | $696,944 | $696,944 | $-135,556 | $-135,556 | $-135,556 |
Active Contract
Entry Level Contract | 3 Years $2,532,501 1.07% of cap space
| 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | ||
|---|---|---|---|---|---|---|
| Cap Hit | $897,500 | $866,667 | $844,167 | $844,167 | $844,167 | RFA |
| AAV | $925,000 | $894,167 | $863,334 | $863,334 | $863,334 | |
| Performance Bonuses | $0 | $0 | $57,500 | $0 | $0 | |
| Base Salary | $0 | $0 | $775,000 | $832,500 | $832,500 | |
| Signing Bonuses | $92,500 | $92,500 | $92,500 | $0 | $0 | |
| Total Salary | $92,500 | $92,500 | $867,500 | $832,500 | $832,500 | |
| Minors Salary | $0 | $0 | $80,000 | $80,000 | $80,000 | |
| Clauses | ENTRY-LEVEL SLIDE |
ENTRY-LEVEL SLIDE |
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| UFA Year | ||||||
| Buy It Out | Buy It Out | Buy It Out | ||||