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A Karl Alzner buyout spans 6 years, has a cost of $6,416,667 and savings of $3,208,333. Alzner is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $9,625,000 in salary remaining, the cost is $6,416,667, and the savings are $3,208,333. 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.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2019 | $9,625,000 | $1,500,000 | 3 | 6 | 30 | 2/3 | $6,416,667 | $3,208,333 | $1,069,445 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT |
| 2019-20 | $4,625,000 | $4,625,000 | $0 | $1,069,445 | $1,069,445 | $3,555,555 | $1,069,445 |
| 2020-21 | $1,500,000 | $4,625,000 | $1,500,000 | $1,069,445 | $2,569,445 | $430,555 | $4,194,445 |
| 2021-22 | $3,500,000 | $4,625,000 | $0 | $1,069,445 | $1,069,445 | $2,430,555 | $2,194,445 |
| 2022-23 | $0 | $0 | $0 | $1,069,445 | $1,069,445 | -$1,069,445 | $1,069,445 |
| 2023-24 | $0 | $0 | $0 | $1,069,445 | $1,069,445 | -$1,069,445 | $1,069,445 |
| 2024-25 | $0 | $0 | $0 | $1,069,445 | $1,069,445 | -$1,069,445 | $1,069,445 |
| TOTAL | $9,625,000 | $13,875,000 | $1,500,000 | $6,416,667 | $7,916,667 | $3,208,333 | $10,666,670 |
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