A Adam Fox buyout spans 10 years, has a cost of $17,333,333 and savings of $8,666,667. Fox is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $26,000,000 in salary remaining, the cost is $17,333,333, and the savings are $8,666,667. 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 | $26,000,000 | $17,500,000 | 5 | 10 | 26 | 2/3 | $17,333,333 | $8,666,667 | $1,733,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYR) |
2024-25 | $12,000,000 | $9,500,000 | $0 | $1,733,333 | $1,733,333 | $10,266,667 | -$766,667 |
2025-26 | $9,500,000 | $9,500,000 | $0 | $1,733,333 | $1,733,333 | $7,766,667 | $1,733,333 |
2026-27 | $1,000,000 | $9,500,000 | $6,500,000 | $1,733,333 | $8,233,333 | -$733,333 | $10,233,333 |
2027-28 | $1,000,000 | $9,500,000 | $6,250,000 | $1,733,333 | $7,983,333 | -$733,333 | $10,233,333 |
2028-29 | $2,500,000 | $9,500,000 | $4,750,000 | $1,733,333 | $6,483,333 | $766,667 | $8,733,333 |
2029-30 | $0 | $0 | $0 | $1,733,333 | $1,733,333 | -$1,733,333 | $1,733,333 |
2030-31 | $0 | $0 | $0 | $1,733,333 | $1,733,333 | -$1,733,333 | $1,733,333 |
2031-32 | $0 | $0 | $0 | $1,733,333 | $1,733,333 | -$1,733,333 | $1,733,333 |
2032-33 | $0 | $0 | $0 | $1,733,333 | $1,733,333 | -$1,733,333 | $1,733,333 |
2033-34 | $0 | $0 | $0 | $1,733,333 | $1,733,333 | -$1,733,333 | $1,733,333 |
TOTAL | $26,000,000 | $47,500,000 | $17,500,000 | $17,333,333 | $34,833,333 | $8,666,667 | $38,833,330 |