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Erik Cernak Buyout Results

A Erik Cernak buyout spans 14 years, has a cost of $17,560,000 and savings of $8,780,000. Cernak is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $26,340,000 in salary remaining, the cost is $17,560,000, and the savings are $8,780,000. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Cost Calculations

Cap Hit Calculations

SEASON	INITIAL BASE SALARY	INITIAL CAP HIT	SIGNING BONUS	BUYOUT COST	POST-BUYOUT EARNINGS	SAVINGS	CAP HIT (TBL)
2024-25	$2,260,000	$5,200,000	$4,500,000	$1,254,286	$5,754,286	$1,005,714	$4,194,286
2025-26	$6,760,000	$5,200,000	$0	$1,254,286	$1,254,286	$5,505,714	-$305,714
2026-27	$5,096,000	$5,200,000	$0	$1,254,286	$1,254,286	$3,841,714	$1,358,286
2027-28	$3,056,000	$5,200,000	$1,000,000	$1,254,286	$2,254,286	$1,801,714	$3,398,286
2028-29	$3,056,000	$5,200,000	$1,000,000	$1,254,286	$2,254,286	$1,801,714	$3,398,286
2029-30	$3,056,000	$5,200,000	$1,000,000	$1,254,286	$2,254,286	$1,801,714	$3,398,286
2030-31	$3,056,000	$5,200,000	$1,000,000	$1,254,286	$2,254,286	$1,801,714	$3,398,286
2031-32	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2032-33	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2033-34	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2034-35	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2035-36	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2036-37	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
2037-38	$0	$0	$0	$1,254,286	$1,254,286	-$1,254,286	$1,254,286
TOTAL	$26,340,000	$36,400,000	$8,500,000	$17,560,000	$26,060,000	$8,780,000	$27,620,004