A Ethan Samson buyout spans 4 years, has a cost of $528,333 and savings of $1,056,667. Samson is 20 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $1,585,000 in salary remaining, the cost is $528,333, and the savings are $1,056,667. 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 | $1,585,000 | $90,000 | 2 | 4 | 20 | 1/3 | $528,333 | $1,056,667 | $132,083 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (PHI) |
2024-25 | $775,000 | $846,667 | $90,000 | $132,083 | $222,083 | $642,917 | $203,750 |
2025-26 | $810,000 | $846,667 | $0 | $132,083 | $132,083 | $677,917 | $168,750 |
2026-27 | $0 | $0 | $0 | $132,083 | $132,083 | -$132,083 | $132,083 |
2027-28 | $0 | $0 | $0 | $132,083 | $132,083 | -$132,083 | $132,083 |
TOTAL | $1,585,000 | $1,693,334 | $90,000 | $528,333 | $618,333 | $1,056,667 | $636,666 |