Turner Elson buyout calculator, cap hit impact
Turner Elson Buyout Cap Implications
Birthdate September 13, 1992
If Turner Elson 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 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 $1,016,667
Remaining base salary
($1,525,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $254,167
(Total buyout cost/4 years)
Turner Elson projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
Remaining Base Salary
$1,525,000
$750,000
$775,000
$0
$0
Original Cap Hit
$762,500
$762,500
$0
$0
Contract Signing Bonus
$0
$0
$0
$0
Contract Total Salary
($750,000)
($775,000)
($0)
($0)
Annual Buyout Cost
$254,167
$254,167
$254,167
$254,167
ACTUAL CAP HIT 
$266,667
$241,667
$254,167
$254,167
Savings
$495,833
$520,833
$-254,167
$-254,167
Birthdate September 13, 1992
If Turner Elson 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 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 $1,016,667
Remaining base salary
($1,525,000 * 67% buyout multiplier).
2 years left in contract.
Buyout applied over 4 years
(2x years remaining on contract)
Annual buyout cost of $254,167
(Total buyout cost/4 years)
Turner Elson projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | |
|---|---|---|---|---|
| Remaining Base Salary $1,525,000 |
$750,000 | $775,000 | $0 | $0 |
| Original Cap Hit | $762,500 | $762,500 | $0 | $0 |
| Contract Signing Bonus | $0 | $0 | $0 | $0 |
| Contract Total Salary | ($750,000) | ($775,000) | ($0) | ($0) |
| Annual Buyout Cost | $254,167 | $254,167 | $254,167 | $254,167 |
| ACTUAL CAP HIT
|
$266,667 | $241,667 | $254,167 | $254,167 |
| Savings | $495,833 | $520,833 | $-254,167 | $-254,167 |
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 | $225,000 | $225,000 | |
| Clauses | |||
| UFA Year | |||
| Buy It Out | |||
| 250K Guaranteed | |||