A Kaapo Kähkönen buyout spans 2 years, has a cost of $1,933,333 and savings of $966,667. Kähkönen is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $2,900,000 in salary remaining, the cost is $1,933,333, and the savings are $966,667. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 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, 2023 | $2,900,000 | $0 | 1 | 2 | 26 | 2/3 | $1,933,333 | $966,667 | $966,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( SJS) |
2023-24 | $2,900,000 | $2,750,000 | $0 | $966,667 | $966,667 | $1,933,333 | $816,667 |
2024-25 | $0 | $0 | $0 | $966,667 | $966,667 | -$966,667 | $966,667 |
TOTAL | $2,900,000 | $2,750,000 | $0 | $1,933,333 | $1,933,333 | $966,667 | $1,783,334 |