A Evan Nause buyout spans 4 years, has a cost of $544,167 and savings of $1,088,333. Nause is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $1,632,500 in salary remaining, the cost is $544,167, and the savings are $1,088,333. 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 | $1,632,500 | $92,500 | 2 | 4 | 21 | 1/3 | $544,167 | $1,088,333 | $136,042 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (FLA) |
2024-25 | $800,000 | $864,167 | $92,500 | $136,042 | $228,542 | $663,958 | $200,209 |
2025-26 | $832,500 | $864,167 | $0 | $136,042 | $136,042 | $696,458 | $167,709 |
2026-27 | $0 | $0 | $0 | $136,042 | $136,042 | -$136,042 | $136,042 |
2027-28 | $0 | $0 | $0 | $136,042 | $136,042 | -$136,042 | $136,042 |
TOTAL | $1,632,500 | $1,728,334 | $92,500 | $544,167 | $636,667 | $1,088,333 | $640,002 |