A Tyler Seguin buyout spans 6 years, has a cost of $3,233,333 and savings of $1,616,667. Seguin is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,850,000 in salary remaining, the cost is $3,233,333, and the savings are $1,616,667. 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 |
---|
Jun. 15, 2024 | $4,850,000 | $17,000,000 | 3 | 6 | 32 | 2/3 | $3,233,333 | $1,616,667 | $538,889 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (DAL) |
2024-25 | $2,750,000 | $9,850,000 | $5,250,000 | $538,889 | $5,788,889 | $2,211,111 | $7,638,889 |
2025-26 | $1,100,000 | $9,850,000 | $6,000,000 | $538,889 | $6,538,889 | $561,111 | $9,288,889 |
2026-27 | $1,000,000 | $9,850,000 | $5,750,000 | $538,889 | $6,288,889 | $461,111 | $9,388,889 |
2027-28 | $0 | $0 | $0 | $538,889 | $538,889 | -$538,889 | $538,889 |
2028-29 | $0 | $0 | $0 | $538,889 | $538,889 | -$538,889 | $538,889 |
2029-30 | $0 | $0 | $0 | $538,889 | $538,889 | -$538,889 | $538,889 |
TOTAL | $4,850,000 | $29,550,000 | $17,000,000 | $3,233,333 | $20,233,333 | $1,616,667 | $27,933,334 |