A Igor Shesterkin buyout spans 2 years, has a cost of $4,444,445 and savings of $2,222,222. Shesterkin is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $6,666,667 in salary remaining, the cost is $4,444,445, and the savings are $2,222,222. 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.
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 | $6,666,667 | $0 | 1 | 2 | 28 | 2/3 | $4,444,445 | $2,222,222 | $2,222,223 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYR) |
2024-25 | $6,666,667 | $5,666,667 | $0 | $2,222,223 | $2,222,223 | $4,444,444 | $1,222,223 |
2025-26 | $0 | $0 | $0 | $2,222,223 | $2,222,223 | -$2,222,223 | $2,222,223 |
TOTAL | $6,666,667 | $5,666,667 | $0 | $4,444,445 | $4,444,445 | $2,222,222 | $3,444,446 |