A Antoine Roussel buyout spans 4 years, has a cost of $2,933,333 and savings of $1,466,667. Roussel is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,400,000 in salary remaining, the cost is $2,933,333, and the savings are $1,466,667. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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, 2020 | $4,400,000 | $0 | 2 | 4 | 30 | 2/3 | $2,933,333 | $1,466,667 | $733,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT |
2020-21 | $2,500,000 | $3,000,000 | $0 | $733,333 | $733,333 | $1,766,667 | $1,233,333 |
2021-22 | $1,900,000 | $3,000,000 | $0 | $733,333 | $733,333 | $1,166,667 | $1,833,333 |
2022-23 | $0 | $0 | $0 | $733,333 | $733,333 | -$733,333 | $733,333 |
2023-24 | $0 | $0 | $0 | $733,333 | $733,333 | -$733,333 | $733,333 |
TOTAL | $4,400,000 | $6,000,000 | $0 | $2,933,333 | $2,933,333 | $1,466,667 | $4,533,332 |