A Elias Pettersson buyout spans 16 years, has a cost of $15,266,667 and savings of $30,533,333. Pettersson is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $45,800,000 in salary remaining, the cost is $15,266,667, and the savings are $30,533,333. Buyouts span twice the length of the remaining years and because there are 8 years remaining in the contract, the buyout length is 16 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 | $45,800,000 | $47,000,000 | 8 | 16 | 25 | 1/3 | $15,266,667 | $30,533,333 | $954,167 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (VAN) |
2024-25 | $2,500,000 | $11,600,000 | $12,000,000 | $954,167 | $12,954,167 | $1,545,833 | $10,054,167 |
2025-26 | $4,500,000 | $11,600,000 | $10,000,000 | $954,167 | $10,954,167 | $3,545,833 | $8,054,167 |
2026-27 | $11,000,000 | $11,600,000 | $0 | $954,167 | $954,167 | $10,045,833 | $1,554,167 |
2027-28 | $9,450,000 | $11,600,000 | $5,000,000 | $954,167 | $5,954,167 | $8,495,833 | $3,104,167 |
2028-29 | $7,250,000 | $11,600,000 | $5,000,000 | $954,167 | $5,954,167 | $6,295,833 | $5,304,167 |
2029-30 | $3,700,000 | $11,600,000 | $5,000,000 | $954,167 | $5,954,167 | $2,745,833 | $8,854,167 |
2030-31 | $3,700,000 | $11,600,000 | $5,000,000 | $954,167 | $5,954,167 | $2,745,833 | $8,854,167 |
2031-32 | $3,700,000 | $11,600,000 | $5,000,000 | $954,167 | $5,954,167 | $2,745,833 | $8,854,167 |
2032-33 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2033-34 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2034-35 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2035-36 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2036-37 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2037-38 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2038-39 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
2039-40 | $0 | $0 | $0 | $954,167 | $954,167 | -$954,167 | $954,167 |
TOTAL | $45,800,000 | $92,800,000 | $47,000,000 | $15,266,667 | $62,266,667 | $30,533,333 | $62,266,672 |