Sam Bennett buyout calculator, cap hit impact

Sam Bennett Buyout Cap Implications

Birthdate June 20, 1996

If Sam Bennett was bought out prior to the 2020-2021 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 24 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 $850,000
Remaining base salary
($2,550,000 * 33% buyout multiplier)
.

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

Annual buyout cost of $425,000
(Total buyout cost/2 years)

Sam Bennett projected buyout 2020-2021 season
2020-2021 2021-2022
Remaining Base Salary
$2,550,000
$2,550,000 $0
Original Cap Hit $2,550,000 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($2,550,000) ($0)
Annual Buyout Cost $425,000 $425,000
ACTUAL CAP HIT Florida Panthers logo $425,000 $425,000
Savings $2,125,000 $-425,000

Active Contract

Signing Team
Signing Date July 24, 2019
Signing Status RFA
Agent Darren Ferris
Standard Contract | 2 Years $5,100,000 3.13% of cap space
2019-2020 2020-2021
Cap Hit $2,550,000 $2,550,000
RFA
AAV $2,550,000 $2,550,000
Performance Bonuses $0 $0
Base Salary $2,550,000 $2,550,000
Signing Bonuses $0 $0
Total Salary $2,550,000 $2,550,000
Minors Salary $2,550,000 $2,550,000
Clauses
UFA Year
Buy It Out