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A Jeff Petry buyout spans 2 years, has a cost of $2,000,000 and savings of $1,000,000. Petry is 36 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,000,000 in salary remaining, the cost is $2,000,000, and the savings are $1,000,000. 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.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2024 | $3,000,000 | $2,000,000 | 1 | 2 | 36 | 2/3 | $2,000,000 | $1,000,000 | $1,000,000 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( DET) | CAP HIT ( PIT) | CAP HIT ( MTL) |
| 2024-25 | $3,000,000 | $6,250,000 | $2,000,000 | $1,000,000 | $3,000,000 | $2,000,000 | $1,593,750 | $1,062,500 | $1,593,750 |
| 2025-26 | $0 | $0 | $0 | $1,000,000 | $1,000,000 | -$1,000,000 | $375,000 | $250,000 | $375,000 |
| TOTAL | $3,000,000 | $6,250,000 | $2,000,000 | $2,000,000 | $4,000,000 | $1,000,000 | $1,968,750 (37.5%) | $1,312,500 (25%) | $1,968,750 (37.5%) |
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