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Karl Alzner Buyout Results

A Karl Alzner buyout spans 4 years, has a cost of $3,333,333 and savings of $1,666,667. Alzner is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $5,000,000 in salary remaining, the cost is $3,333,333, and the savings are $1,666,667. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.

This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2020$5,000,000$1,500,00024312/3$3,333,333$1,666,667$833,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2020-21$1,500,000$4,625,000$1,500,000$833,333$2,333,333$666,667$3,958,333
2021-22$3,500,000$4,625,000$0$833,333$833,333$2,666,667$1,958,333
2022-23$0$0$0$833,333$833,333-$833,333$833,333
2023-24$0$0$0$833,333$833,333-$833,333$833,333
TOTAL$5,000,000$9,250,000$1,500,000$3,333,333$4,833,333$1,666,667$7,583,332