Tyler Parsons buyout calculator, cap hit impact
Tyler Parsons Buyout Cap Implications
Birthdate September 18, 1997
If Tyler Parsons 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 22 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 $245,000
Remaining base salary
($735,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $122,500
(Total buyout cost/2 years)
Tyler Parsons projected buyout 2020-2021 season
2020-2021
2021-2022
Remaining Base Salary
$735,000
$735,000
$0
Original Cap Hit
$735,000
$0
Contract Signing Bonus
$0
$0
Contract Total Salary
($735,000)
($0)
Annual Buyout Cost
$122,500
$122,500
ACTUAL CAP HIT 
$122,500
$122,500
Savings
$612,500
$-122,500
Birthdate September 18, 1997
If Tyler Parsons 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 22 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 $245,000
Remaining base salary
($735,000 * 33% buyout multiplier).
1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)
Annual buyout cost of $122,500
(Total buyout cost/2 years)
Tyler Parsons projected buyout 2020-2021 season
| 2020-2021 | 2021-2022 | |
|---|---|---|
| Remaining Base Salary $735,000 |
$735,000 | $0 |
| Original Cap Hit | $735,000 | $0 |
| Contract Signing Bonus | $0 | $0 |
| Contract Total Salary | ($735,000) | ($0) |
| Annual Buyout Cost | $122,500 | $122,500 |
| ACTUAL CAP HIT
|
$122,500 | $122,500 |
| Savings | $612,500 | $-122,500 |