Jack Johnson Buyout Results

A Jack Johnson buyout spans 2 years, has a cost of $1,500,000 and savings of $750,000. Johnson is 35 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $2,250,000 in salary remaining, the cost is $1,500,000, and the savings are $750,000. 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.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2022$2,250,000$012352/3$1,500,000$750,000$750,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2022-23$2,250,000$3,250,000$0$750,000$750,000$1,500,000$1,750,000
2023-24$0$0$0$750,000$750,000-$750,000$750,000
TOTAL$2,250,000$3,250,000$0$1,500,000$1,500,000$750,000$2,500,000
×