A Jordan Kyrou buyout spans 14 years, has a cost of $37,333,333 and savings of $18,666,667. Kyrou is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $56,000,000 in salary remaining, the cost is $37,333,333, and the savings are $18,666,667. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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 | $56,000,000 | $0 | 7 | 14 | 26 | 2/3 | $37,333,333 | $18,666,667 | $2,666,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (STL) |
2024-25 | $10,900,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $8,233,333 | -$108,333 |
2025-26 | $10,500,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $7,833,333 | $291,667 |
2026-27 | $8,250,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $5,583,333 | $2,541,667 |
2027-28 | $6,600,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $3,933,333 | $4,191,667 |
2028-29 | $6,600,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $3,933,333 | $4,191,667 |
2029-30 | $6,600,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $3,933,333 | $4,191,667 |
2030-31 | $6,550,000 | $8,125,000 | $0 | $2,666,667 | $2,666,667 | $3,883,333 | $4,241,667 |
2031-32 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2032-33 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2033-34 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2034-35 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2035-36 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2036-37 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
2037-38 | $0 | $0 | $0 | $2,666,667 | $2,666,667 | -$2,666,667 | $2,666,667 |
TOTAL | $56,000,000 | $56,875,000 | $0 | $37,333,333 | $37,333,333 | $18,666,667 | $38,208,338 |