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James Neal Buyout Results

A James Neal buyout spans 8 years, has a cost of $15,333,333 and savings of $7,666,667. Neal is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $23,000,000 in salary remaining, the cost is $15,333,333, and the savings are $7,666,667. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 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, 2019$23,000,000$048312/3$15,333,333$7,666,667$1,916,667
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2019-20$5,750,000$5,750,000$0$1,916,667$1,916,667$3,833,333$1,916,667
2020-21$5,750,000$5,750,000$0$1,916,667$1,916,667$3,833,333$1,916,667
2021-22$5,750,000$5,750,000$0$1,916,667$1,916,667$3,833,333$1,916,667
2022-23$5,750,000$5,750,000$0$1,916,667$1,916,667$3,833,333$1,916,667
2023-24$0$0$0$1,916,667$1,916,667-$1,916,667$1,916,667
2024-25$0$0$0$1,916,667$1,916,667-$1,916,667$1,916,667
2025-26$0$0$0$1,916,667$1,916,667-$1,916,667$1,916,667
2026-27$0$0$0$1,916,667$1,916,667-$1,916,667$1,916,667
TOTAL$23,000,000$23,000,000$0$15,333,333$15,333,333$7,666,667$15,333,336