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 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 $5,566,667
Remaining base salary
($16,700,000 * 33% buyout multiplier)
.

4 years left in contract.
Buyout applied over 8 years
(2x years remaining on contract)

Annual buyout cost of $695,833
(Total buyout cost/8 years)

Sam Bennett projected buyout 2020-2021 season
2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028 2028-2029
Remaining Base Salary
$16,700,000
$1,925,000 $3,425,000 $6,350,000 $5,000,000 $0 $0 $0 $0
Original Cap Hit $4,425,000 $4,425,000 $4,425,000 $4,425,000 $0 $0 $0 $0
Contract Signing Bonus $1,000,000 $0 $0 $0 $0 $0 $0 $0
Contract Total Salary ($2,925,000) ($3,425,000) ($6,350,000) ($5,000,000) ($0) ($0) ($0) ($0)
Annual Buyout Cost $695,833 $695,833 $695,833 $695,833 $695,833 $695,833 $695,833 $695,833
ACTUAL CAP HIT Florida Panthers logo $3,195,833 $1,695,833 $-1,229,167 $120,833 $695,833 $695,833 $695,833 $695,833
Savings $1,229,167 $2,729,167 $5,654,167 $4,304,167 $-695,833 $-695,833 $-695,833 $-695,833

Active Contract

Signing Team Florida Panthers logo
Signing Date July 26, 2021
Signing Status RFA
Agent Darren Ferris
Standard Contract | 4 Years $17,700,000 5.43% of cap space
2021-2022 2022-2023 2023-2024 2024-2025
Cap Hit $4,425,000 $4,425,000 $4,425,000 $4,425,000
UFA
AAV $4,425,000 $4,425,000 $4,425,000 $4,425,000
Performance Bonuses $0 $0 $0 $0
Base Salary $1,925,000 $3,425,000 $6,350,000 $5,000,000
Signing Bonuses $1,000,000 $0 $0 $0
Total Salary $2,925,000 $3,425,000 $6,350,000 $5,000,000
Minors Salary $2,925,000 $3,425,000 $6,350,000 $5,000,000
Clauses
UFA Year
Buy It Out Buy It Out Buy It Out Buy It Out