BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
---|---|---|---|---|---|---|---|---|---|
Jun 15, 2020 | $12,000,000 | $0 | 2 | 4 | 25 | 1/3 | $4,000,000 | $8,000,000 | $1,000,000 |
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( |
2020-21 | $6,000,000 | $6,000,000 | $0 | $1,000,000 | $1,000,000 | $5,000,000 | $1,000,000 |
2021-22 | $6,000,000 | $6,000,000 | $0 | $1,000,000 | $1,000,000 | $5,000,000 | $1,000,000 |
2022-23 | $0 | $0 | $0 | $1,000,000 | $1,000,000 | -$1,000,000 | $1,000,000 |
2023-24 | $0 | $0 | $0 | $1,000,000 | $1,000,000 | -$1,000,000 | $1,000,000 |
TOTAL | $12,000,000 | $12,000,000 | $0 | $4,000,000 | $4,000,000 | $8,000,000 | $4,000,000 |