A Jaccob Slavin buyout spans 6 years, has a cost of $10,800,000 and savings of $5,400,000. Slavin is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $16,200,000 in salary remaining, the cost is $10,800,000, and the savings are $5,400,000. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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, 2022 | $16,200,000 | $0 | 3 | 6 | 28 | 2/3 | $10,800,000 | $5,400,000 | $1,800,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( CAR) |
2022-23 | $5,500,000 | $5,300,000 | $0 | $1,800,000 | $1,800,000 | $3,700,000 | $1,600,000 |
2023-24 | $5,500,000 | $5,300,000 | $0 | $1,800,000 | $1,800,000 | $3,700,000 | $1,600,000 |
2024-25 | $5,200,000 | $5,300,000 | $0 | $1,800,000 | $1,800,000 | $3,400,000 | $1,900,000 |
2025-26 | $0 | $0 | $0 | $1,800,000 | $1,800,000 | -$1,800,000 | $1,800,000 |
2026-27 | $0 | $0 | $0 | $1,800,000 | $1,800,000 | -$1,800,000 | $1,800,000 |
2027-28 | $0 | $0 | $0 | $1,800,000 | $1,800,000 | -$1,800,000 | $1,800,000 |
TOTAL | $16,200,000 | $15,900,000 | $0 | $10,800,000 | $10,800,000 | $5,400,000 | $10,500,000 |