A John-Jason Peterka buyout spans 4 years, has a cost of $544,167 and savings of $1,088,333. Peterka is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $1,632,500 in salary remaining, the cost is $544,167, and the savings are $1,088,333. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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 | $1,632,500 | $92,500 | 2 | 4 | 21 | 1/3 | $544,167 | $1,088,333 | $136,042 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( BUF) |
2023-24 | $800,000 | $855,833 | $92,500 | $136,042 | $228,542 | $663,958 | $191,875 |
2024-25 | $832,500 | $855,833 | $0 | $136,042 | $136,042 | $696,458 | $159,375 |
2025-26 | $0 | $0 | $0 | $136,042 | $136,042 | -$136,042 | $136,042 |
2026-27 | $0 | $0 | $0 | $136,042 | $136,042 | -$136,042 | $136,042 |
TOTAL | $1,632,500 | $1,711,666 | $92,500 | $544,167 | $636,667 | $1,088,333 | $623,334 |