A David Kämpf buyout spans 6 years, has a cost of $2,150,000 and savings of $1,075,000. Kämpf is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,225,000 in salary remaining, the cost is $2,150,000, and the savings are $1,075,000. 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 | $3,225,000 | $3,975,000 | 3 | 6 | 29 | 2/3 | $2,150,000 | $1,075,000 | $358,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TOR) |
2024-25 | $1,075,000 | $2,400,000 | $1,325,000 | $358,333 | $1,683,333 | $716,667 | $1,683,333 |
2025-26 | $1,075,000 | $2,400,000 | $1,325,000 | $358,333 | $1,683,333 | $716,667 | $1,683,333 |
2026-27 | $1,075,000 | $2,400,000 | $1,325,000 | $358,333 | $1,683,333 | $716,667 | $1,683,333 |
2027-28 | $0 | $0 | $0 | $358,333 | $358,333 | -$358,333 | $358,333 |
2028-29 | $0 | $0 | $0 | $358,333 | $358,333 | -$358,333 | $358,333 |
2029-30 | $0 | $0 | $0 | $358,333 | $358,333 | -$358,333 | $358,333 |
TOTAL | $3,225,000 | $7,200,000 | $3,975,000 | $2,150,000 | $6,125,000 | $1,075,000 | $6,124,998 |