A Jonas Brodin buyout spans 8 years, has a cost of $16,666,667 and savings of $8,333,333. Brodin is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $25,000,000 in salary remaining, the cost is $16,666,667, and the savings are $8,333,333. 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.
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 | $25,000,000 | $0 | 4 | 8 | 30 | 2/3 | $16,666,667 | $8,333,333 | $2,083,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
2024-25 | $8,000,000 | $6,000,000 | $0 | $2,083,333 | $2,083,333 | $5,916,667 | $83,333 |
2025-26 | $7,500,000 | $6,000,000 | $0 | $2,083,333 | $2,083,333 | $5,416,667 | $583,333 |
2026-27 | $5,500,000 | $6,000,000 | $0 | $2,083,333 | $2,083,333 | $3,416,667 | $2,583,333 |
2027-28 | $4,000,000 | $6,000,000 | $0 | $2,083,333 | $2,083,333 | $1,916,667 | $4,083,333 |
2028-29 | $0 | $0 | $0 | $2,083,333 | $2,083,333 | -$2,083,333 | $2,083,333 |
2029-30 | $0 | $0 | $0 | $2,083,333 | $2,083,333 | -$2,083,333 | $2,083,333 |
2030-31 | $0 | $0 | $0 | $2,083,333 | $2,083,333 | -$2,083,333 | $2,083,333 |
2031-32 | $0 | $0 | $0 | $2,083,333 | $2,083,333 | -$2,083,333 | $2,083,333 |
TOTAL | $25,000,000 | $24,000,000 | $0 | $16,666,667 | $16,666,667 | $8,333,333 | $15,666,664 |