A Nazem Kadri buyout spans 10 years, has a cost of $19,333,333 and savings of $9,666,667. Kadri is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $29,000,000 in salary remaining, the cost is $19,333,333, and the savings are $9,666,667. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 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 | $29,000,000 | $6,000,000 | 5 | 10 | 33 | 2/3 | $19,333,333 | $9,666,667 | $1,933,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CGY) |
2024-25 | $4,500,000 | $7,000,000 | $2,500,000 | $1,933,333 | $4,433,333 | $2,566,667 | $4,433,333 |
2025-26 | $4,500,000 | $7,000,000 | $2,500,000 | $1,933,333 | $4,433,333 | $2,566,667 | $4,433,333 |
2026-27 | $6,000,000 | $7,000,000 | $1,000,000 | $1,933,333 | $2,933,333 | $4,066,667 | $2,933,333 |
2027-28 | $7,000,000 | $7,000,000 | $0 | $1,933,333 | $1,933,333 | $5,066,667 | $1,933,333 |
2028-29 | $7,000,000 | $7,000,000 | $0 | $1,933,333 | $1,933,333 | $5,066,667 | $1,933,333 |
2029-30 | $0 | $0 | $0 | $1,933,333 | $1,933,333 | -$1,933,333 | $1,933,333 |
2030-31 | $0 | $0 | $0 | $1,933,333 | $1,933,333 | -$1,933,333 | $1,933,333 |
2031-32 | $0 | $0 | $0 | $1,933,333 | $1,933,333 | -$1,933,333 | $1,933,333 |
2032-33 | $0 | $0 | $0 | $1,933,333 | $1,933,333 | -$1,933,333 | $1,933,333 |
2033-34 | $0 | $0 | $0 | $1,933,333 | $1,933,333 | -$1,933,333 | $1,933,333 |
TOTAL | $29,000,000 | $35,000,000 | $6,000,000 | $19,333,333 | $25,333,333 | $9,666,667 | $25,333,330 |