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Frans Nielsen Buyout Results

A Frans Nielsen buyout spans 4 years, has a cost of $2,666,667 and savings of $1,333,333. Nielsen is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,000,000 in salary remaining, the cost is $2,666,667, and the savings are $1,333,333. 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2020$4,000,000$4,000,00024362/3$2,666,667$1,333,333$666,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2020-21$2,500,000$5,250,000$2,500,000$666,667$3,166,667$1,833,333$3,416,667
2021-22$1,500,000$5,250,000$1,500,000$666,667$2,166,667$833,333$4,416,667
2022-23$0$0$0$666,667$666,667-$666,667$666,667
2023-24$0$0$0$666,667$666,667-$666,667$666,667
TOTAL$4,000,000$10,500,000$4,000,000$2,666,667$6,666,667$1,333,333$9,166,668