Travis Boyd buyout calculator, cap hit impact
Travis Boyd Buyout Cap Implications
Birthdate September 14, 1993
If Travis Boyd 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 29 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $666,667
(Total buyout cost/2 years)
Travis Boyd projected buyout 2023-2024 season
2023-2024
2024-2025
Remaining Base Salary
$2,000,000
$2,000,000
$0
Original Cap Hit
$1,750,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($2,000,000)
($0)
Annual Buyout Cost
$666,667
$666,667
ACTUAL CAP HIT 
$416,667
$666,667
Savings
$1,333,333
$-666,667
Birthdate September 14, 1993
If Travis Boyd 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 29 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 $1,333,333
Remaining base salary
($2,000,000 * 67% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $666,667
(Total buyout cost/2 years)
Travis Boyd projected buyout 2023-2024 season
| 2023-2024 | 2024-2025 | |
|---|---|---|
| Remaining Base Salary $2,000,000 |
$2,000,000 | $0 |
| Original Cap Hit | $1,750,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($2,000,000) | ($0) |
| Annual Buyout Cost | $666,667 | $666,667 |
| ACTUAL CAP HIT
|
$416,667 | $666,667 |
| Savings | $1,333,333 | $-666,667 |
Active Contract
Standard Contract | 2 Years $3,500,000 2.10% of cap space
| 2022-2023 | 2023-2024 | ||
|---|---|---|---|
| Cap Hit | $1,750,000 | $1,750,000 | UFA |
| AAV | $1,750,000 | $1,750,000 | |
| Performance Bonuses | $0 | $0 | |
| Base Salary | $1,500,000 | $2,000,000 | |
| Signing Bonuses | $0 | $0 | |
| Total Salary | $1,500,000 | $2,000,000 | |
| Minors Salary | $1,500,000 | $2,000,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||