A Filip Chytil buyout spans 6 years, has a cost of $4,416,667 and savings of $8,833,333. Chytil is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $13,250,000 in salary remaining, the cost is $4,416,667, and the savings are $8,833,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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 | $13,250,000 | $0 | 3 | 6 | 24 | 1/3 | $4,416,667 | $8,833,333 | $736,111 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYR) |
2024-25 | $4,625,000 | $4,437,500 | $0 | $736,111 | $736,111 | $3,888,889 | $548,611 |
2025-26 | $4,875,000 | $4,437,500 | $0 | $736,111 | $736,111 | $4,138,889 | $298,611 |
2026-27 | $3,750,000 | $4,437,500 | $0 | $736,111 | $736,111 | $3,013,889 | $1,423,611 |
2027-28 | $0 | $0 | $0 | $736,111 | $736,111 | -$736,111 | $736,111 |
2028-29 | $0 | $0 | $0 | $736,111 | $736,111 | -$736,111 | $736,111 |
2029-30 | $0 | $0 | $0 | $736,111 | $736,111 | -$736,111 | $736,111 |
TOTAL | $13,250,000 | $13,312,500 | $0 | $4,416,667 | $4,416,667 | $8,833,333 | $4,479,166 |