Dougie Hamilton Buyout Results

A Dougie Hamilton buyout spans 12 years, has a cost of $20,766,667 and savings of $10,383,333. Hamilton is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $31,150,000 in salary remaining, the cost is $20,766,667, and the savings are $10,383,333. 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.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$31,150,000$25,550,000612282/3$20,766,667$10,383,333$1,730,556
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the New Jersey DevilsNJD)
2022-23$3,300,000$9,000,000$3,000,000$1,730,556$4,730,556$1,569,444$7,430,556
2023-24$10,600,000$9,000,000$2,000,000$1,730,556$3,730,556$8,869,444$130,556
2024-25$10,000,000$9,000,000$2,600,000$1,730,556$4,330,556$8,269,444$730,556
2025-26$1,000,000$9,000,000$10,550,000$1,730,556$12,280,556-$730,556$9,730,556
2026-27$1,000,000$9,000,000$7,400,000$1,730,556$9,130,556-$730,556$9,730,556
2027-28$5,250,000$9,000,000$0$1,730,556$1,730,556$3,519,444$5,480,556
2028-29$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
2029-30$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
2030-31$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
2031-32$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
2032-33$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
2033-34$0$0$0$1,730,556$1,730,556-$1,730,556$1,730,556
TOTAL$31,150,000$54,000,000$25,550,000$20,766,667$46,316,667$10,383,333$43,616,672
×