A Jason Robertson buyout spans 6 years, has a cost of $8,833,333 and savings of $17,666,667. Robertson is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $26,500,000 in salary remaining, the cost is $8,833,333, and the savings are $17,666,667. 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, 2023 | $26,500,000 | $0 | 3 | 6 | 23 | 1/3 | $8,833,333 | $17,666,667 | $1,472,222 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( DAL) |
2023-24 | $8,000,000 | $7,750,000 | $0 | $1,472,222 | $1,472,222 | $6,527,778 | $1,222,222 |
2024-25 | $9,200,000 | $7,750,000 | $0 | $1,472,222 | $1,472,222 | $7,727,778 | $22,222 |
2025-26 | $9,300,000 | $7,750,000 | $0 | $1,472,222 | $1,472,222 | $7,827,778 | -$77,778 |
2026-27 | $0 | $0 | $0 | $1,472,222 | $1,472,222 | -$1,472,222 | $1,472,222 |
2027-28 | $0 | $0 | $0 | $1,472,222 | $1,472,222 | -$1,472,222 | $1,472,222 |
2028-29 | $0 | $0 | $0 | $1,472,222 | $1,472,222 | -$1,472,222 | $1,472,222 |
TOTAL | $26,500,000 | $23,250,000 | $0 | $8,833,333 | $8,833,333 | $17,666,667 | $5,583,332 |