A Kyle Connor buyout spans 4 years, has a cost of $9,666,667 and savings of $4,833,333. Connor is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $14,500,000 in salary remaining, the cost is $9,666,667, and the savings are $4,833,333. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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 | $14,500,000 | $0 | 2 | 4 | 27 | 2/3 | $9,666,667 | $4,833,333 | $2,416,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (WPG) |
2024-25 | $7,500,000 | $7,142,857 | $0 | $2,416,667 | $2,416,667 | $5,083,333 | $2,059,524 |
2025-26 | $7,000,000 | $7,142,857 | $0 | $2,416,667 | $2,416,667 | $4,583,333 | $2,559,524 |
2026-27 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,416,667 |
2027-28 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,416,667 |
TOTAL | $14,500,000 | $14,285,714 | $0 | $9,666,667 | $9,666,667 | $4,833,333 | $9,452,382 |