Spencer Smallman buyout calculator, cap hit impact
Spencer Smallman Buyout Cap Implications
Birthdate September 9, 1996
If Spencer Smallman was bought out prior to the 2023-2024 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 26 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $516,667
Remaining base salary
($775,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $258,333
(Total buyout cost/2 years)
Spencer Smallman projected buyout 2023-2024 season
2023-2024
2024-2025
Remaining Base Salary
$775,000
$775,000
$0
Original Cap Hit
$762,500
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($775,000)
($0)
Annual Buyout Cost
$258,333
$258,333
ACTUAL CAP HIT 
$245,833
$258,333
Savings
$516,667
$-258,333
Birthdate September 9, 1996
If Spencer Smallman was bought out prior to the 2023-2024 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 26 years old at the buyout giving him a 67% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier
The total buyout cost would be $516,667
Remaining base salary
($775,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $258,333
(Total buyout cost/2 years)
Spencer Smallman projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $775,000 |
$775,000 | $0 |
| Original Cap Hit | $762,500 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($775,000) | ($0) |
| Annual Buyout Cost | $258,333 | $258,333 |
| ACTUAL CAP HIT
|
$245,833 | $258,333 |
| Savings | $516,667 | $-258,333 |
Active Contract
Standard Contract | 2 Years $1,525,000 0.91% of cap space
| 2022-2023 | 2023-2024 | ||
|---|---|---|---|
| Cap Hit | $762,500 | $762,500 | UFA |
| AAV | $762,500 | $762,500 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $750,000 | $775,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $750,000 | $775,000 | |
| Minors Salary | $350,000 | $400,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||
| Year 1 400K Guaranteed | |||