Philippe Myers buyout calculator, cap hit impact
Philippe Myers Buyout Cap Implications
Birthdate January 25, 1997
If Philippe Myers 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 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 $1,266,667
Remaining base salary
($3,800,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $633,333
(Total buyout cost/2 years)
Philippe Myers projected buyout 2022-2023 season
2022-2023
2023-2024
Remaining Base Salary
$3,800,000
$3,800,000
$0
Original Cap Hit
$2,550,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($3,800,000)
($0)
Annual Buyout Cost
$633,333
$633,333
ACTUAL CAP HIT 
$-616,667
$633,333
Savings
$3,166,667
$-633,333
Birthdate January 25, 1997
If Philippe Myers 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 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 $1,266,667
Remaining base salary
($3,800,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $633,333
(Total buyout cost/2 years)
Philippe Myers projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | |
|---|---|---|
| Remaining Base Salary $3,800,000 |
$3,800,000 | $0 |
| Original Cap Hit | $2,550,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($3,800,000) | ($0) |
| Annual Buyout Cost | $633,333 | $633,333 |
| ACTUAL CAP HIT
|
$-616,667 | $633,333 |
| Savings | $3,166,667 | $-633,333 |
Active Contract
Standard Contract | 1 Years $1,400,000 1.70% of cap space
| 2023-2024 | ||
|---|---|---|
| Cap Hit | $1,400,000 | UFA |
| AAV | $1,400,000 | |
| Performance Bonuses | $0 | |
| Base Salary | $900,000 | |
| Signing Bonuses | $500,000 | |
| Total Salary | $1,400,000 | |
| Minors Salary | $1,400,000 | |
| Clauses | ||
| UFA Year | ||
| Buy It Out | ||