Parker Wotherspoon buyout calculator, cap hit impact

Parker Wotherspoon Buyout Cap Implications

Birthdate August 24, 1997

If Parker Wotherspoon was bought out prior to the 2019-2020 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 21 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 $241,667
Remaining base salary
($725,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $120,833
(Total buyout cost/2 years)

Parker Wotherspoon projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$725,000
$725,000 $0
Original Cap Hit $732,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($725,000) ($0)
Annual Buyout Cost $120,833 $120,833
ACTUAL CAP HIT New York Islanders logo $128,333 $120,833
Savings $604,167 $-120,833

Active Contract

Signing Team
Signing Date May 2, 2016
Agent Kevin Epp
Entry Level Contract | 3 Years $2,197,500 0.90% of cap space
2016-2017 2017-2018 2018-2019 2019-2020
Cap Hit $735,833 $732,500 $732,500 $732,500
RFA
AAV $858,333 $855,000 $855,000 $855,000
Performance Bonuses $0 $190,000 $115,000 $62,500
Base Salary $0 $650,000 $650,000 $725,000
Signing Bonuses $85,000 $85,000 $87,500 $0
Total Salary $0 $735,000 $737,500 $725,000
Minors Salary $0 $70,000 $70,000 $70,000
Clauses
ENTRY-LEVEL SLIDE
UFA Year
Buy It Out