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
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, 2019 | $16,500,000 | $6,000,000 | 3 | 6 | 32 | 2/3 | $11,000,000 | $5,500,000 | $1,833,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP 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 |