A Carson Bjarnason buyout spans 6 years, has a cost of $818,333 and savings of $1,636,667. Bjarnason is 18 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,455,000 in salary remaining, the cost is $818,333, and the savings are $1,636,667. 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 | $2,455,000 | $190,000 | 3 | 6 | 18 | 1/3 | $818,333 | $1,636,667 | $136,389 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (PHI) |
2024-25 | $775,000 | $881,667 | $95,000 | $136,389 | $231,389 | $638,611 | $243,056 |
2025-26 | $825,000 | $881,667 | $95,000 | $136,389 | $231,389 | $688,611 | $193,056 |
2026-27 | $855,000 | $881,667 | $0 | $136,389 | $136,389 | $718,611 | $163,056 |
2027-28 | $0 | $0 | $0 | $136,389 | $136,389 | -$136,389 | $136,389 |
2028-29 | $0 | $0 | $0 | $136,389 | $136,389 | -$136,389 | $136,389 |
2029-30 | $0 | $0 | $0 | $136,389 | $136,389 | -$136,389 | $136,389 |
TOTAL | $2,455,000 | $2,645,001 | $190,000 | $818,333 | $1,008,333 | $1,636,667 | $1,008,335 |