A J.T. Compher buyout spans 8 years, has a cost of $13,333,333 and savings of $6,666,667. Compher is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $20,000,000 in salary remaining, the cost is $13,333,333, and the savings are $6,666,667. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 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 | $20,000,000 | $0 | 4 | 8 | 29 | 2/3 | $13,333,333 | $6,666,667 | $1,666,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (DET) |
2024-25 | $5,500,000 | $5,100,000 | $0 | $1,666,667 | $1,666,667 | $3,833,333 | $1,266,667 |
2025-26 | $5,100,000 | $5,100,000 | $0 | $1,666,667 | $1,666,667 | $3,433,333 | $1,666,667 |
2026-27 | $4,700,000 | $5,100,000 | $0 | $1,666,667 | $1,666,667 | $3,033,333 | $2,066,667 |
2027-28 | $4,700,000 | $5,100,000 | $0 | $1,666,667 | $1,666,667 | $3,033,333 | $2,066,667 |
2028-29 | $0 | $0 | $0 | $1,666,667 | $1,666,667 | -$1,666,667 | $1,666,667 |
2029-30 | $0 | $0 | $0 | $1,666,667 | $1,666,667 | -$1,666,667 | $1,666,667 |
2030-31 | $0 | $0 | $0 | $1,666,667 | $1,666,667 | -$1,666,667 | $1,666,667 |
2031-32 | $0 | $0 | $0 | $1,666,667 | $1,666,667 | -$1,666,667 | $1,666,667 |
TOTAL | $20,000,000 | $20,400,000 | $0 | $13,333,333 | $13,333,333 | $6,666,667 | $13,733,336 |