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A Hendrix Lapierre buyout spans 2 years, has a cost of $277,500 and savings of $555,000. Lapierre is 22 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $832,500 in salary remaining, the cost is $277,500, and the savings are $555,000. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2024 | $832,500 | $0 | 1 | 2 | 22 | 1/3 | $277,500 | $555,000 | $138,750 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( WSH) |
| 2024-25 | $832,500 | $863,333 | $0 | $138,750 | $138,750 | $693,750 | $169,583 |
| 2025-26 | $0 | $0 | $0 | $138,750 | $138,750 | -$138,750 | $138,750 |
| TOTAL | $832,500 | $863,333 | $0 | $277,500 | $277,500 | $555,000 | $308,333 |
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