A Brent Seabrook buyout spans 10 years, has a cost of $8,333,333 and savings of $4,166,667. Seabrook is 34 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,500,000 in salary remaining, the cost is $8,333,333, and the savings are $4,166,667. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 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 |
---|
Jun. 15, 2019 | $12,500,000 | $15,500,000 | 5 | 10 | 34 | 2/3 | $8,333,333 | $4,166,667 | $833,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TBL) |
2019-20 | $4,000,000 | $6,875,000 | $3,500,000 | $833,333 | $4,333,333 | $3,166,667 | $3,708,333 |
2020-21 | $1,000,000 | $6,875,000 | $4,000,000 | $833,333 | $4,833,333 | $166,667 | $6,708,333 |
2021-22 | $4,000,000 | $6,875,000 | $2,000,000 | $833,333 | $2,833,333 | $3,166,667 | $3,708,333 |
2022-23 | $1,000,000 | $6,875,000 | $4,000,000 | $833,333 | $4,833,333 | $166,667 | $6,708,333 |
2023-24 | $2,500,000 | $6,875,000 | $2,000,000 | $833,333 | $2,833,333 | $1,666,667 | $5,208,333 |
2024-25 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
2025-26 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
2026-27 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
2027-28 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
2028-29 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
TOTAL | $12,500,000 | $34,375,000 | $15,500,000 | $8,333,333 | $23,833,333 | $4,166,667 | $30,208,330 |