A Connor Murphy buyout spans 4 years, has a cost of $5,200,000 and savings of $2,600,000. Murphy is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $7,800,000 in salary remaining, the cost is $5,200,000, and the savings are $2,600,000. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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 | $7,800,000 | $1,000,000 | 2 | 4 | 31 | 2/3 | $5,200,000 | $2,600,000 | $1,300,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CHI) |
2024-25 | $5,150,000 | $4,400,000 | $0 | $1,300,000 | $1,300,000 | $3,850,000 | $550,000 |
2025-26 | $2,650,000 | $4,400,000 | $1,000,000 | $1,300,000 | $2,300,000 | $1,350,000 | $3,050,000 |
2026-27 | $0 | $0 | $0 | $1,300,000 | $1,300,000 | -$1,300,000 | $1,300,000 |
2027-28 | $0 | $0 | $0 | $1,300,000 | $1,300,000 | -$1,300,000 | $1,300,000 |
TOTAL | $7,800,000 | $8,800,000 | $1,000,000 | $5,200,000 | $6,200,000 | $2,600,000 | $6,200,000 |