A Andrew Copp buyout spans 6 years, has a cost of $10,916,667 and savings of $5,458,333. Copp is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $16,375,000 in salary remaining, the cost is $10,916,667, and the savings are $5,458,333. 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 |
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Jun. 15, 2024 | $16,375,000 | $0 | 3 | 6 | 29 | 2/3 | $10,916,667 | $5,458,333 | $1,819,445 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (DET) |
2024-25 | $6,250,000 | $5,625,000 | $0 | $1,819,445 | $1,819,445 | $4,430,555 | $1,194,445 |
2025-26 | $5,750,000 | $5,625,000 | $0 | $1,819,445 | $1,819,445 | $3,930,555 | $1,694,445 |
2026-27 | $4,375,000 | $5,625,000 | $0 | $1,819,445 | $1,819,445 | $2,555,555 | $3,069,445 |
2027-28 | $0 | $0 | $0 | $1,819,445 | $1,819,445 | -$1,819,445 | $1,819,445 |
2028-29 | $0 | $0 | $0 | $1,819,445 | $1,819,445 | -$1,819,445 | $1,819,445 |
2029-30 | $0 | $0 | $0 | $1,819,445 | $1,819,445 | -$1,819,445 | $1,819,445 |
TOTAL | $16,375,000 | $16,875,000 | $0 | $10,916,667 | $10,916,667 | $5,458,333 | $11,416,670 |