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A Casey Cizikas buyout spans 8 years, has a cost of $6,666,667 and savings of $3,333,333. Cizikas is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $10,000,000 in salary remaining, the cost is $6,666,667, and the savings are $3,333,333. 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.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2023 | $10,000,000 | $0 | 4 | 8 | 32 | 2/3 | $6,666,667 | $3,333,333 | $833,333 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( NYI) |
| 2023-24 | $2,500,000 | $2,500,000 | $0 | $833,333 | $833,333 | $1,666,667 | $833,333 |
| 2024-25 | $2,500,000 | $2,500,000 | $0 | $833,333 | $833,333 | $1,666,667 | $833,333 |
| 2025-26 | $2,500,000 | $2,500,000 | $0 | $833,333 | $833,333 | $1,666,667 | $833,333 |
| 2026-27 | $2,500,000 | $2,500,000 | $0 | $833,333 | $833,333 | $1,666,667 | $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 |
| 2029-30 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| 2030-31 | $0 | $0 | $0 | $833,333 | $833,333 | -$833,333 | $833,333 |
| TOTAL | $10,000,000 | $10,000,000 | $0 | $6,666,667 | $6,666,667 | $3,333,333 | $6,666,664 |
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