Timothy Gettinger buyout calculator, cap hit impact
Timothy Gettinger Buyout Cap Implications
Birthdate April 14, 1998
If Timothy Gettinger 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/2 years)
Timothy Gettinger projected buyout 2022-2023 season
2023-2024
2024-2025
Remaining Base Salary
$775,000
$775,000
$0
Original Cap Hit
$775,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($775,000)
($0)
Annual Buyout Cost
$129,167
$129,167
ACTUAL CAP HIT 
$129,167
$129,167
Savings
$645,833
$-129,167
Birthdate April 14, 1998
If Timothy Gettinger 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 $258,333
Remaining base salary
($775,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $129,167
(Total buyout cost/2 years)
Timothy Gettinger projected buyout 2022-2023 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $775,000 |
$775,000 | $0 |
| Original Cap Hit | $775,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($775,000) | ($0) |
| Annual Buyout Cost | $129,167 | $129,167 |
| ACTUAL CAP HIT
|
$129,167 | $129,167 |
| Savings | $645,833 | $-129,167 |
Active Contract
Signing Team
Signing Date July 1, 2023
Signing Status UFA-Group6
Agent Ryan Barnes
Qualifying Offer on Expiry $813,750
Signing Date July 1, 2023
Signing Status UFA-Group6
Agent Ryan Barnes
Qualifying Offer on Expiry $813,750
Standard Contract | 1 Years $775,000 0.93% of cap space
| 2023-2024 | ||
|---|---|---|
| Cap Hit | $775,000 | RFA |
| AAV | $775,000 | |
| Performance Bonuses | $0 | |
| Base Salary | $775,000 | |
| Signing Bonuses | $0 | |
| Total Salary | $775,000 | |
| Minors Salary | $250,000 | |
| Clauses | ||
| UFA Year | ||
| Buy It Out | ||