A Tage Thompson buyout spans 12 years, has a cost of $28,571,428 and savings of $14,285,714. Thompson is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $42,857,142 in salary remaining, the cost is $28,571,428, and the savings are $14,285,714. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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 | $42,857,142 | $0 | 6 | 12 | 26 | 2/3 | $28,571,428 | $14,285,714 | $2,380,952 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (BUF) |
2024-25 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2025-26 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2026-27 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2027-28 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2028-29 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2029-30 | $7,142,857 | $7,142,857 | $0 | $2,380,952 | $2,380,952 | $4,761,905 | $2,380,952 |
2030-31 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
2031-32 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
2032-33 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
2033-34 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
2034-35 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
2035-36 | $0 | $0 | $0 | $2,380,952 | $2,380,952 | -$2,380,952 | $2,380,952 |
TOTAL | $42,857,142 | $42,857,142 | $0 | $28,571,428 | $28,571,428 | $14,285,714 | $28,571,424 |