A Gustav Forsling buyout spans 16 years, has a cost of $5,333,333 and savings of $2,666,667. Forsling is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,000,000 in salary remaining, the cost is $5,333,333, and the savings are $2,666,667. Buyouts span twice the length of the remaining years and because there are 8 years remaining in the contract, the buyout length is 16 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 | $8,000,000 | $38,000,000 | 8 | 16 | 28 | 2/3 | $5,333,333 | $2,666,667 | $333,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (FLA) |
2024-25 | $1,000,000 | $5,750,000 | $5,525,000 | $333,333 | $5,858,333 | $666,667 | $5,083,333 |
2025-26 | $1,000,000 | $5,750,000 | $5,525,000 | $333,333 | $5,858,333 | $666,667 | $5,083,333 |
2026-27 | $1,000,000 | $5,750,000 | $5,525,000 | $333,333 | $5,858,333 | $666,667 | $5,083,333 |
2027-28 | $1,000,000 | $5,750,000 | $5,525,000 | $333,333 | $5,858,333 | $666,667 | $5,083,333 |
2028-29 | $1,000,000 | $5,750,000 | $5,525,000 | $333,333 | $5,858,333 | $666,667 | $5,083,333 |
2029-30 | $1,000,000 | $5,750,000 | $4,545,000 | $333,333 | $4,878,333 | $666,667 | $5,083,333 |
2030-31 | $1,000,000 | $5,750,000 | $2,915,000 | $333,333 | $3,248,333 | $666,667 | $5,083,333 |
2031-32 | $1,000,000 | $5,750,000 | $2,915,000 | $333,333 | $3,248,333 | $666,667 | $5,083,333 |
2032-33 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2033-34 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2034-35 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2035-36 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2036-37 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2037-38 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2038-39 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
2039-40 | $0 | $0 | $0 | $333,333 | $333,333 | -$333,333 | $333,333 |
TOTAL | $8,000,000 | $46,000,000 | $38,000,000 | $5,333,333 | $43,333,333 | $2,666,667 | $43,333,328 |