A Jonas Siegenthaler buyout spans 8 years, has a cost of $8,500,000 and savings of $4,250,000. Siegenthaler is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,750,000 in salary remaining, the cost is $8,500,000, and the savings are $4,250,000. 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 | $12,750,000 | $0 | 4 | 8 | 27 | 2/3 | $8,500,000 | $4,250,000 | $1,062,500 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NJD) |
2024-25 | $4,000,000 | $3,400,000 | $0 | $1,062,500 | $1,062,500 | $2,937,500 | $462,500 |
2025-26 | $3,200,000 | $3,400,000 | $0 | $1,062,500 | $1,062,500 | $2,137,500 | $1,262,500 |
2026-27 | $3,000,000 | $3,400,000 | $0 | $1,062,500 | $1,062,500 | $1,937,500 | $1,462,500 |
2027-28 | $2,550,000 | $3,400,000 | $0 | $1,062,500 | $1,062,500 | $1,487,500 | $1,912,500 |
2028-29 | $0 | $0 | $0 | $1,062,500 | $1,062,500 | -$1,062,500 | $1,062,500 |
2029-30 | $0 | $0 | $0 | $1,062,500 | $1,062,500 | -$1,062,500 | $1,062,500 |
2030-31 | $0 | $0 | $0 | $1,062,500 | $1,062,500 | -$1,062,500 | $1,062,500 |
2031-32 | $0 | $0 | $0 | $1,062,500 | $1,062,500 | -$1,062,500 | $1,062,500 |
TOTAL | $12,750,000 | $13,600,000 | $0 | $8,500,000 | $8,500,000 | $4,250,000 | $9,350,000 |