A Brady Tkachuk buyout spans 8 years, has a cost of $12,166,667 and savings of $24,333,333. Tkachuk is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $36,500,000 in salary remaining, the cost is $12,166,667, and the savings are $24,333,333. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 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 | $36,500,000 | $0 | 4 | 8 | 24 | 1/3 | $12,166,667 | $24,333,333 | $1,520,833 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (OTT) |
2024-25 | $10,500,000 | $8,205,714 | $0 | $1,520,833 | $1,520,833 | $8,979,167 | -$773,453 |
2025-26 | $10,500,000 | $8,205,714 | $0 | $1,520,833 | $1,520,833 | $8,979,167 | -$773,453 |
2026-27 | $8,500,000 | $8,205,714 | $0 | $1,520,833 | $1,520,833 | $6,979,167 | $1,226,547 |
2027-28 | $7,000,000 | $8,205,714 | $0 | $1,520,833 | $1,520,833 | $5,479,167 | $2,726,547 |
2028-29 | $0 | $0 | $0 | $1,520,833 | $1,520,833 | -$1,520,833 | $1,520,833 |
2029-30 | $0 | $0 | $0 | $1,520,833 | $1,520,833 | -$1,520,833 | $1,520,833 |
2030-31 | $0 | $0 | $0 | $1,520,833 | $1,520,833 | -$1,520,833 | $1,520,833 |
2031-32 | $0 | $0 | $0 | $1,520,833 | $1,520,833 | -$1,520,833 | $1,520,833 |
TOTAL | $36,500,000 | $32,822,856 | $0 | $12,166,667 | $12,166,667 | $24,333,333 | $8,489,520 |