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J.T. Miller Buyout Results

A J.T. Miller buyout spans 12 years, has a cost of $20,666,667 and savings of $10,333,333. Miller is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $31,000,000 in salary remaining, the cost is $20,666,667, and the savings are $10,333,333. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

Cost Calculations

Cap Hit Calculations

SEASON	INITIAL BASE SALARY	INITIAL CAP HIT	SIGNING BONUS	BUYOUT COST	POST-BUYOUT EARNINGS	SAVINGS	CAP HIT (VAN)
2024-25	$4,000,000	$8,000,000	$5,000,000	$1,722,222	$6,722,222	$2,277,778	$5,722,222
2025-26	$4,000,000	$8,000,000	$5,000,000	$1,722,222	$6,722,222	$2,277,778	$5,722,222
2026-27	$7,000,000	$8,000,000	$0	$1,722,222	$1,722,222	$5,277,778	$2,722,222
2027-28	$4,500,000	$8,000,000	$3,000,000	$1,722,222	$4,722,222	$2,777,778	$5,222,222
2028-29	$4,500,000	$8,000,000	$2,500,000	$1,722,222	$4,222,222	$2,777,778	$5,222,222
2029-30	$7,000,000	$8,000,000	$0	$1,722,222	$1,722,222	$5,277,778	$2,722,222
2030-31	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
2031-32	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
2032-33	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
2033-34	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
2034-35	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
2035-36	$0	$0	$0	$1,722,222	$1,722,222	-$1,722,222	$1,722,222
TOTAL	$31,000,000	$48,000,000	$15,500,000	$20,666,667	$36,166,667	$10,333,333	$37,666,664