A Jordan Staal buyout spans 6 years, has a cost of $4,556,667 and savings of $2,278,333. Staal is 35 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $6,835,000 in salary remaining, the cost is $4,556,667, and the savings are $2,278,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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 | $6,835,000 | $1,315,000 | 3 | 6 | 35 | 2/3 | $4,556,667 | $2,278,333 | $759,445 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CAR) |
2024-25 | $3,410,000 | $2,900,000 | $0 | $759,445 | $759,445 | $2,650,555 | $249,445 |
2025-26 | $2,650,000 | $2,900,000 | $0 | $759,445 | $759,445 | $1,890,555 | $1,009,445 |
2026-27 | $775,000 | $2,900,000 | $1,315,000 | $759,445 | $2,074,445 | $15,555 | $2,884,445 |
2027-28 | $0 | $0 | $0 | $759,445 | $759,445 | -$759,445 | $759,445 |
2028-29 | $0 | $0 | $0 | $759,445 | $759,445 | -$759,445 | $759,445 |
2029-30 | $0 | $0 | $0 | $759,445 | $759,445 | -$759,445 | $759,445 |
TOTAL | $6,835,000 | $8,700,000 | $1,315,000 | $4,556,667 | $5,871,667 | $2,278,333 | $6,421,670 |