A Charlie McAvoy buyout spans 12 years, has a cost of $23,833,333 and savings of $11,916,667. McAvoy is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $35,750,000 in salary remaining, the cost is $23,833,333, and the savings are $11,916,667. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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 | $35,750,000 | $20,000,000 | 6 | 12 | 26 | 2/3 | $23,833,333 | $11,916,667 | $1,986,111 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (BOS) |
2024-25 | $8,500,000 | $9,500,000 | $3,000,000 | $1,986,111 | $4,986,111 | $6,513,889 | $2,986,111 |
2025-26 | $8,500,000 | $9,500,000 | $3,000,000 | $1,986,111 | $4,986,111 | $6,513,889 | $2,986,111 |
2026-27 | $6,000,000 | $9,500,000 | $4,000,000 | $1,986,111 | $5,986,111 | $4,013,889 | $5,486,111 |
2027-28 | $3,750,000 | $9,500,000 | $4,000,000 | $1,986,111 | $5,986,111 | $1,763,889 | $7,736,111 |
2028-29 | $4,500,000 | $9,500,000 | $3,000,000 | $1,986,111 | $4,986,111 | $2,513,889 | $6,986,111 |
2029-30 | $4,500,000 | $9,500,000 | $3,000,000 | $1,986,111 | $4,986,111 | $2,513,889 | $6,986,111 |
2030-31 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
2031-32 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
2032-33 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
2033-34 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
2034-35 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
2035-36 | $0 | $0 | $0 | $1,986,111 | $1,986,111 | -$1,986,111 | $1,986,111 |
TOTAL | $35,750,000 | $57,000,000 | $20,000,000 | $23,833,333 | $43,833,333 | $11,916,667 | $45,083,332 |