A Logan Stankoven buyout spans 4 years, has a cost of $525,000 and savings of $1,050,000. Stankoven is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $1,575,000 in salary remaining, the cost is $525,000, and the savings are $1,050,000. 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 | $1,575,000 | $0 | 2 | 4 | 21 | 1/3 | $525,000 | $1,050,000 | $131,250 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (DAL) |
2024-25 | $775,000 | $814,167 | $0 | $131,250 | $131,250 | $643,750 | $170,417 |
2025-26 | $800,000 | $814,167 | $0 | $131,250 | $131,250 | $668,750 | $145,417 |
2026-27 | $0 | $0 | $0 | $131,250 | $131,250 | -$131,250 | $131,250 |
2027-28 | $0 | $0 | $0 | $131,250 | $131,250 | -$131,250 | $131,250 |
TOTAL | $1,575,000 | $1,628,334 | $0 | $525,000 | $525,000 | $1,050,000 | $578,334 |