A Anthony Cirelli buyout spans 14 years, has a cost of $20,916,667 and savings of $10,458,333. Cirelli is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $31,375,000 in salary remaining, the cost is $20,916,667, and the savings are $10,458,333. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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 | $31,375,000 | $10,500,000 | 7 | 14 | 26 | 2/3 | $20,916,667 | $10,458,333 | $1,494,048 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TBL) |
2024-25 | $1,625,000 | $6,250,000 | $6,500,000 | $1,494,048 | $7,994,048 | $130,952 | $6,119,048 |
2025-26 | $8,125,000 | $6,250,000 | $0 | $1,494,048 | $1,494,048 | $6,630,952 | -$380,952 |
2026-27 | $6,125,000 | $6,250,000 | $0 | $1,494,048 | $1,494,048 | $4,630,952 | $1,619,048 |
2027-28 | $3,875,000 | $6,250,000 | $1,000,000 | $1,494,048 | $2,494,048 | $2,380,952 | $3,869,048 |
2028-29 | $3,875,000 | $6,250,000 | $1,000,000 | $1,494,048 | $2,494,048 | $2,380,952 | $3,869,048 |
2029-30 | $3,875,000 | $6,250,000 | $1,000,000 | $1,494,048 | $2,494,048 | $2,380,952 | $3,869,048 |
2030-31 | $3,875,000 | $6,250,000 | $1,000,000 | $1,494,048 | $2,494,048 | $2,380,952 | $3,869,048 |
2031-32 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2032-33 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2033-34 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2034-35 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2035-36 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2036-37 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
2037-38 | $0 | $0 | $0 | $1,494,048 | $1,494,048 | -$1,494,048 | $1,494,048 |
TOTAL | $31,375,000 | $43,750,000 | $10,500,000 | $20,916,667 | $31,416,667 | $10,458,333 | $33,291,672 |