A Mikhail Sergachev buyout spans 14 years, has a cost of $13,650,000 and savings of $27,300,000. Sergachev is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $40,950,000 in salary remaining, the cost is $13,650,000, and the savings are $27,300,000. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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 | $40,950,000 | $16,000,000 | 7 | 14 | 25 | 1/3 | $13,650,000 | $27,300,000 | $975,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TBL) |
2024-25 | $5,050,000 | $8,500,000 | $6,000,000 | $975,000 | $6,975,000 | $4,075,000 | $4,425,000 |
2025-26 | $6,050,000 | $8,500,000 | $5,000,000 | $975,000 | $5,975,000 | $5,075,000 | $3,425,000 |
2026-27 | $7,300,000 | $8,500,000 | $1,000,000 | $975,000 | $1,975,000 | $6,325,000 | $2,175,000 |
2027-28 | $5,637,500 | $8,500,000 | $1,000,000 | $975,000 | $1,975,000 | $4,662,500 | $3,837,500 |
2028-29 | $5,637,500 | $8,500,000 | $1,000,000 | $975,000 | $1,975,000 | $4,662,500 | $3,837,500 |
2029-30 | $5,637,500 | $8,500,000 | $1,000,000 | $975,000 | $1,975,000 | $4,662,500 | $3,837,500 |
2030-31 | $5,637,500 | $8,500,000 | $1,000,000 | $975,000 | $1,975,000 | $4,662,500 | $3,837,500 |
2031-32 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2032-33 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2033-34 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2034-35 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2035-36 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2036-37 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
2037-38 | $0 | $0 | $0 | $975,000 | $975,000 | -$975,000 | $975,000 |
TOTAL | $40,950,000 | $59,500,000 | $16,000,000 | $13,650,000 | $29,650,000 | $27,300,000 | $32,200,000 |