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Bobby Ryan Buyout Results

A Bobby Ryan buyout spans 6 years, has a cost of $11,000,000 and savings of $5,500,000. Ryan is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $16,500,000 in salary remaining, the cost is $11,000,000, and the savings are $5,500,000. 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2019$16,500,000$6,000,00036322/3$11,000,000$5,500,000$1,833,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2019-20$5,500,000$7,250,000$2,000,000$1,833,333$3,833,333$3,666,667$3,583,333
2020-21$5,500,000$7,250,000$2,000,000$1,833,333$3,833,333$3,666,667$3,583,333
2021-22$5,500,000$7,250,000$2,000,000$1,833,333$3,833,333$3,666,667$3,583,333
2022-23$0$0$0$1,833,333$1,833,333-$1,833,333$1,833,333
2023-24$0$0$0$1,833,333$1,833,333-$1,833,333$1,833,333
2024-25$0$0$0$1,833,333$1,833,333-$1,833,333$1,833,333
TOTAL$16,500,000$21,750,000$6,000,000$11,000,000$17,000,000$5,500,000$16,249,998