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Barclay Goodrow Buyout Results

A Barclay Goodrow buyout spans 6 years, has a cost of $6,666,667 and savings of $3,333,333. Goodrow is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $10,000,000 in salary remaining, the cost is $6,666,667, and the savings are $3,333,333. 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

Cap Hit Calculations

SEASON	INITIAL BASE SALARY	INITIAL CAP HIT	SIGNING BONUS	BUYOUT COST	POST-BUYOUT EARNINGS	SAVINGS	CAP HIT (NYR)
2024-25	$5,000,000	$3,641,667	$0	$1,111,111	$1,111,111	$3,888,889	-$247,222
2025-26	$3,750,000	$3,641,667	$0	$1,111,111	$1,111,111	$2,638,889	$1,002,778
2026-27	$1,250,000	$3,641,667	$1,250,000	$1,111,111	$2,361,111	$138,889	$3,502,778
2027-28	$0	$0	$0	$1,111,111	$1,111,111	-$1,111,111	$1,111,111
2028-29	$0	$0	$0	$1,111,111	$1,111,111	-$1,111,111	$1,111,111
2029-30	$0	$0	$0	$1,111,111	$1,111,111	-$1,111,111	$1,111,111
TOTAL	$10,000,000	$10,925,001	$1,250,000	$6,666,667	$7,916,667	$3,333,333	$7,591,667