A Jake Sanderson buyout spans 16 years, has a cost of $21,466,667 and savings of $42,933,333. Sanderson is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $64,400,000 in salary remaining, the cost is $21,466,667, and the savings are $42,933,333. Buyouts span twice the length of the remaining years and because there are 8 years remaining in the contract, the buyout length is 16 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 | $64,400,000 | $0 | 8 | 16 | 21 | 1/3 | $21,466,667 | $42,933,333 | $1,341,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (OTT) |
2024-25 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2025-26 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2026-27 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2027-28 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2028-29 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2029-30 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2030-31 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2031-32 | $8,050,000 | $8,050,000 | $0 | $1,341,667 | $1,341,667 | $6,708,333 | $1,341,667 |
2032-33 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2033-34 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2034-35 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2035-36 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2036-37 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2037-38 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2038-39 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
2039-40 | $0 | $0 | $0 | $1,341,667 | $1,341,667 | -$1,341,667 | $1,341,667 |
TOTAL | $64,400,000 | $64,400,000 | $0 | $21,466,667 | $21,466,667 | $42,933,333 | $21,466,672 |