A Brayden Point buyout spans 14 years, has a cost of $18,666,667 and savings of $9,333,333. Point is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $28,000,000 in salary remaining, the cost is $18,666,667, and the savings are $9,333,333. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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, 2023 | $28,000,000 | $39,000,000 | 7 | 14 | 27 | 2/3 | $18,666,667 | $9,333,333 | $1,333,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( TBL) |
2023-24 | $5,000,000 | $9,500,000 | $6,250,000 | $1,333,333 | $7,583,333 | $3,666,667 | $5,833,333 |
2024-25 | $5,000,000 | $9,500,000 | $7,000,000 | $1,333,333 | $8,333,333 | $3,666,667 | $5,833,333 |
2025-26 | $5,000,000 | $9,500,000 | $7,000,000 | $1,333,333 | $8,333,333 | $3,666,667 | $5,833,333 |
2026-27 | $4,000,000 | $9,500,000 | $5,750,000 | $1,333,333 | $7,083,333 | $2,666,667 | $6,833,333 |
2027-28 | $3,000,000 | $9,500,000 | $4,600,000 | $1,333,333 | $5,933,333 | $1,666,667 | $7,833,333 |
2028-29 | $3,000,000 | $9,500,000 | $4,200,000 | $1,333,333 | $5,533,333 | $1,666,667 | $7,833,333 |
2029-30 | $3,000,000 | $9,500,000 | $4,200,000 | $1,333,333 | $5,533,333 | $1,666,667 | $7,833,333 |
2030-31 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2031-32 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2032-33 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2033-34 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2034-35 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2035-36 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
2036-37 | $0 | $0 | $0 | $1,333,333 | $1,333,333 | -$1,333,333 | $1,333,333 |
TOTAL | $28,000,000 | $66,500,000 | $39,000,000 | $18,666,667 | $57,666,667 | $9,333,333 | $57,166,662 |