A Jack Hughes buyout spans 12 years, has a cost of $15,500,000 and savings of $31,000,000. Hughes is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $46,500,000 in salary remaining, the cost is $15,500,000, and the savings are $31,000,000. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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 | $46,500,000 | $0 | 6 | 12 | 23 | 1/3 | $15,500,000 | $31,000,000 | $1,291,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NJD) |
2024-25 | $8,500,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $7,208,333 | $791,667 |
2025-26 | $8,500,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $7,208,333 | $791,667 |
2026-27 | $8,000,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $6,708,333 | $1,291,667 |
2027-28 | $7,500,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $6,208,333 | $1,791,667 |
2028-29 | $7,000,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $5,708,333 | $2,291,667 |
2029-30 | $7,000,000 | $8,000,000 | $0 | $1,291,667 | $1,291,667 | $5,708,333 | $2,291,667 |
2030-31 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
2031-32 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
2032-33 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
2033-34 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
2034-35 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
2035-36 | $0 | $0 | $0 | $1,291,667 | $1,291,667 | -$1,291,667 | $1,291,667 |
TOTAL | $46,500,000 | $48,000,000 | $0 | $15,500,000 | $15,500,000 | $31,000,000 | $17,000,004 |