A Kevin Fiala buyout spans 10 years, has a cost of $20,666,667 and savings of $10,333,333. Fiala is 27 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 5 years remaining in the contract, the buyout length is 10 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 |
---|
Jun. 15, 2024 | $31,000,000 | $9,500,000 | 5 | 10 | 27 | 2/3 | $20,666,667 | $10,333,333 | $2,066,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( LAK) |
2024-25 | $5,500,000 | $7,875,000 | $3,250,000 | $2,066,667 | $5,316,667 | $3,433,333 | $4,441,667 |
2025-26 | $5,500,000 | $7,875,000 | $3,250,000 | $2,066,667 | $5,316,667 | $3,433,333 | $4,441,667 |
2026-27 | $6,500,000 | $7,875,000 | $2,000,000 | $2,066,667 | $4,066,667 | $4,433,333 | $3,441,667 |
2027-28 | $6,750,000 | $7,875,000 | $1,000,000 | $2,066,667 | $3,066,667 | $4,683,333 | $3,191,667 |
2028-29 | $6,750,000 | $7,875,000 | $0 | $2,066,667 | $2,066,667 | $4,683,333 | $3,191,667 |
2029-30 | $0 | $0 | $0 | $2,066,667 | $2,066,667 | -$2,066,667 | $2,066,667 |
2030-31 | $0 | $0 | $0 | $2,066,667 | $2,066,667 | -$2,066,667 | $2,066,667 |
2031-32 | $0 | $0 | $0 | $2,066,667 | $2,066,667 | -$2,066,667 | $2,066,667 |
2032-33 | $0 | $0 | $0 | $2,066,667 | $2,066,667 | -$2,066,667 | $2,066,667 |
2033-34 | $0 | $0 | $0 | $2,066,667 | $2,066,667 | -$2,066,667 | $2,066,667 |
TOTAL | $31,000,000 | $39,375,000 | $9,500,000 | $20,666,667 | $30,166,667 | $10,333,333 | $29,041,670 |