A Jonny Brodzinski buyout spans 4 years, has a cost of $1,050,000 and savings of $525,000. Brodzinski is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $1,575,000 in salary remaining, the cost is $1,050,000, and the savings are $525,000. 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, 2024 | $1,575,000 | $0 | 2 | 4 | 30 | 2/3 | $1,050,000 | $525,000 | $262,500 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYR) |
2024-25 | $775,000 | $787,500 | $0 | $262,500 | $262,500 | $512,500 | $275,000 |
2025-26 | $800,000 | $787,500 | $0 | $262,500 | $262,500 | $537,500 | $250,000 |
2026-27 | $0 | $0 | $0 | $262,500 | $262,500 | -$262,500 | $262,500 |
2027-28 | $0 | $0 | $0 | $262,500 | $262,500 | -$262,500 | $262,500 |
TOTAL | $1,575,000 | $1,575,000 | $0 | $1,050,000 | $1,050,000 | $525,000 | $1,050,000 |