Serron Noel buyout calculator, cap hit impact
Serron Noel Buyout Cap Implications
Birthdate August 8, 2000
If Serron Noel 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 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 $832,500
Remaining base salary
($2,497,500 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $138,750
(Total buyout cost/6 years)
Serron Noel projected buyout 2020-2021 season
2020-2021
2021-2022
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$2,497,500
$832,500
$832,500
$832,500
$0
$0
$0
Original Cap Hit
$894,167
$894,167
$894,167
$0
$0
$0
Contract Signing Bonus
$92,500
$92,500
$0
$0
$0
$0
Contract Total Salary
($925,000)
($925,000)
($832,500)
($0)
($0)
($0)
Annual Buyout Cost
$138,750
$138,750
$138,750
$138,750
$138,750
$138,750
ACTUAL CAP HIT 
$200,417
$200,417
$200,417
$138,750
$138,750
$138,750
Savings
$693,750
$693,750
$693,750
$-138,750
$-138,750
$-138,750
Birthdate August 8, 2000
If Serron Noel 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 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 $832,500
Remaining base salary
($2,497,500 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $138,750
(Total buyout cost/6 years)
Serron Noel projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $2,497,500 |
$832,500 | $832,500 | $832,500 | $0 | $0 | $0 |
| Original Cap Hit | $894,167 | $894,167 | $894,167 | $0 | $0 | $0 |
| Contract Signing Bonus | $92,500 | $92,500 | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($925,000) | ($925,000) | ($832,500) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $138,750 | $138,750 | $138,750 | $138,750 | $138,750 | $138,750 |
| ACTUAL CAP HIT
|
$200,417 | $200,417 | $200,417 | $138,750 | $138,750 | $138,750 |
| Savings | $693,750 | $693,750 | $693,750 | $-138,750 | $-138,750 | $-138,750 |