Wyatt Newpower buyout calculator, cap hit impact

Wyatt Newpower Buyout Cap Implications

Birthdate December 9, 1997

If Wyatt Newpower 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 $262,500
Remaining base salary
($787,500 * 33% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $131,250
(Total buyout cost/2 years)

Wyatt Newpower projected buyout 2022-2023 season
2023-2024 2024-2025
Remaining Base Salary
$787,500
$787,500 $0
Original Cap Hit $787,500 $0
Contract Signing Bonus $0 $0
Contract Total Salary ($787,500) ($0)
Annual Buyout Cost $131,250 $131,250
ACTUAL CAP HIT Detroit Red Wings logo $131,250 $131,250
Savings $656,250 $-131,250

Active Contract

Signing Team Detroit Red Wings logo
Signing Date July 14, 2023
Signing Status RFA

Qualifying Offer on Expiry $826,875
Standard Contract | 1 Years $787,500 0.94% of cap space
2023-2024
Cap Hit $787,500
RFA
AAV $787,500
Performance Bonuses $0
Base Salary $787,500
Signing Bonuses $0
Total Salary $787,500
Minors Salary $70,000
Clauses
UFA Year
Buy It Out