Will Cranley buyout calculator, cap hit impact
Will Cranley Buyout Cap Implications
Birthdate February 26, 2002
If Will Cranley 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 20 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 $766,667
Remaining base salary
($2,300,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $127,778
(Total buyout cost/6 years)
Will Cranley projected buyout 2022-2023 season
2022-2023
2023-2024
2024-2025
2025-2026
2026-2027
2027-2028
Remaining Base Salary
$2,300,000
$750,000
$775,000
$775,000
$0
$0
$0
Original Cap Hit
$841,667
$841,667
$841,667
$0
$0
$0
Contract Signing Bonus
$75,000
$75,000
$75,000
$0
$0
$0
Contract Total Salary
($825,000)
($850,000)
($850,000)
($0)
($0)
($0)
Annual Buyout Cost
$127,778
$127,778
$127,778
$127,778
$127,778
$127,778
ACTUAL CAP HIT 
$219,445
$194,445
$194,445
$127,778
$127,778
$127,778
Savings
$622,222
$647,222
$647,222
$-127,778
$-127,778
$-127,778
Birthdate February 26, 2002
If Will Cranley 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 20 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 $766,667
Remaining base salary
($2,300,000 * 33% buyout multiplier).
3 years left in contract.
Buyout applied over 6 years
(2x years remaining on contract)
Annual buyout cost of $127,778
(Total buyout cost/6 years)
Will Cranley projected buyout 2022-2023 season
| 2022-2023 | 2023-2024 | 2024-2025 | 2025-2026 | 2026-2027 | 2027-2028 | |
|---|---|---|---|---|---|---|
| Remaining Base Salary $2,300,000 |
$750,000 | $775,000 | $775,000 | $0 | $0 | $0 |
| Original Cap Hit | $841,667 | $841,667 | $841,667 | $0 | $0 | $0 |
| Contract Signing Bonus | $75,000 | $75,000 | $75,000 | $0 | $0 | $0 |
| Contract Total Salary | ($825,000) | ($850,000) | ($850,000) | ($0) | ($0) | ($0) |
| Annual Buyout Cost | $127,778 | $127,778 | $127,778 | $127,778 | $127,778 | $127,778 |
| ACTUAL CAP HIT
|
$219,445 | $194,445 | $194,445 | $127,778 | $127,778 | $127,778 |
| Savings | $622,222 | $647,222 | $647,222 | $-127,778 | $-127,778 | $-127,778 |
Active Contract
Entry Level Contract | 3 Years $2,525,001 1.02% of cap space
| 2022-2023 | 2023-2024 | 2024-2025 | ||
|---|---|---|---|---|
| Cap Hit | $841,667 | $841,667 | $841,667 | RFA |
| AAV | $841,667 | $841,667 | $841,667 | |
| Performance Bonuses | $0 | $0 | $0 | |
| Base Salary | $750,000 | $775,000 | $775,000 | |
| Signing Bonuses | $75,000 | $75,000 | $75,000 | |
| Total Salary | $825,000 | $850,000 | $850,000 | |
| Minors Salary | $80,000 | $80,000 | $80,000 | |
| Clauses | ||||
| UFA Year | ||||
| Buy It Out | Buy It Out | Buy It Out | ||