A Jordan Dumais buyout spans 6 years, has a cost of $828,333 and savings of $1,656,667. Dumais is 20 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,485,000 in salary remaining, the cost is $828,333, and the savings are $1,656,667. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $2,485,000 | $95,000 | 3 | 6 | 20 | 1/3 | $828,333 | $1,656,667 | $138,056 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CBJ) |
2024-25 | $775,000 | $860,000 | $95,000 | $138,056 | $233,056 | $636,944 | $223,056 |
2025-26 | $855,000 | $860,000 | $0 | $138,056 | $138,056 | $716,944 | $143,056 |
2026-27 | $855,000 | $860,000 | $0 | $138,056 | $138,056 | $716,944 | $143,056 |
2027-28 | $0 | $0 | $0 | $138,056 | $138,056 | -$138,056 | $138,056 |
2028-29 | $0 | $0 | $0 | $138,056 | $138,056 | -$138,056 | $138,056 |
2029-30 | $0 | $0 | $0 | $138,056 | $138,056 | -$138,056 | $138,056 |
TOTAL | $2,485,000 | $2,580,000 | $95,000 | $828,333 | $923,333 | $1,656,667 | $923,336 |