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A Kevin Hayes buyout spans 6 years, has a cost of $9,666,667 and savings of $4,833,333. Hayes is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $14,500,000 in salary remaining, the cost is $9,666,667, and the savings are $4,833,333. 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, 2023 | $14,500,000 | $2,500,000 | 3 | 6 | 31 | 2/3 | $9,666,667 | $4,833,333 | $1,611,111 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( PHI) |
| 2023-24 | $6,500,000 | $7,142,857 | $0 | $1,611,111 | $1,611,111 | $4,888,889 | $2,253,968 |
| 2024-25 | $4,000,000 | $7,142,857 | $1,250,000 | $1,611,111 | $2,861,111 | $2,388,889 | $4,753,968 |
| 2025-26 | $4,000,000 | $7,142,857 | $1,250,000 | $1,611,111 | $2,861,111 | $2,388,889 | $4,753,968 |
| 2026-27 | $0 | $0 | $0 | $1,611,111 | $1,611,111 | -$1,611,111 | $1,611,111 |
| 2027-28 | $0 | $0 | $0 | $1,611,111 | $1,611,111 | -$1,611,111 | $1,611,111 |
| 2028-29 | $0 | $0 | $0 | $1,611,111 | $1,611,111 | -$1,611,111 | $1,611,111 |
| TOTAL | $14,500,000 | $21,428,571 | $2,500,000 | $9,666,667 | $12,166,667 | $4,833,333 | $16,595,237 |
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