A Seth Jones buyout spans 12 years, has a cost of $15,666,667 and savings of $7,833,333. Jones is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $23,500,000 in salary remaining, the cost is $15,666,667, and the savings are $7,833,333. 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 | $23,500,000 | $30,000,000 | 6 | 12 | 29 | 2/3 | $15,666,667 | $7,833,333 | $1,305,556 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CHI) |
2024-25 | $7,500,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $6,194,444 | $3,305,556 |
2025-26 | $5,500,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $4,194,444 | $5,305,556 |
2026-27 | $3,000,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $1,694,444 | $7,805,556 |
2027-28 | $2,500,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $1,194,444 | $8,305,556 |
2028-29 | $2,500,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $1,194,444 | $8,305,556 |
2029-30 | $2,500,000 | $9,500,000 | $5,000,000 | $1,305,556 | $6,305,556 | $1,194,444 | $8,305,556 |
2030-31 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
2031-32 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
2032-33 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
2033-34 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
2034-35 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
2035-36 | $0 | $0 | $0 | $1,305,556 | $1,305,556 | -$1,305,556 | $1,305,556 |
TOTAL | $23,500,000 | $57,000,000 | $30,000,000 | $15,666,667 | $45,666,667 | $7,833,333 | $49,166,672 |