A Clayton Keller buyout spans 8 years, has a cost of $9,066,667 and savings of $18,133,333. Keller is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $27,200,000 in salary remaining, the cost is $9,066,667, and the savings are $18,133,333. 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 | $27,200,000 | $4,000,000 | 4 | 8 | 25 | 1/3 | $9,066,667 | $18,133,333 | $1,133,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (ARI) |
2024-25 | $7,000,000 | $7,150,000 | $0 | $1,133,333 | $1,133,333 | $5,866,667 | $1,283,333 |
2025-26 | $7,000,000 | $7,150,000 | $0 | $1,133,333 | $1,133,333 | $5,866,667 | $1,283,333 |
2026-27 | $6,500,000 | $7,150,000 | $2,000,000 | $1,133,333 | $3,133,333 | $5,366,667 | $1,783,333 |
2027-28 | $6,700,000 | $7,150,000 | $2,000,000 | $1,133,333 | $3,133,333 | $5,566,667 | $1,583,333 |
2028-29 | $0 | $0 | $0 | $1,133,333 | $1,133,333 | -$1,133,333 | $1,133,333 |
2029-30 | $0 | $0 | $0 | $1,133,333 | $1,133,333 | -$1,133,333 | $1,133,333 |
2030-31 | $0 | $0 | $0 | $1,133,333 | $1,133,333 | -$1,133,333 | $1,133,333 |
2031-32 | $0 | $0 | $0 | $1,133,333 | $1,133,333 | -$1,133,333 | $1,133,333 |
TOTAL | $27,200,000 | $28,600,000 | $4,000,000 | $9,066,667 | $13,066,667 | $18,133,333 | $10,466,664 |