Kyle Turris Buyout Results

A Kyle Turris buyout spans 2 years, has a cost of $4,000,000 and savings of $2,000,000. Turris is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $6,000,000 in salary remaining, the cost is $4,000,000, and the savings are $2,000,000. 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.

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, 2023$6,000,000$012332/3$4,000,000$2,000,000$2,000,000
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT
2023-24$6,000,000$6,000,000$0$2,000,000$2,000,000$4,000,000$2,000,000
2024-25$0$0$0$2,000,000$2,000,000-$2,000,000$2,000,000
TOTAL$6,000,000$6,000,000$0$4,000,000$4,000,000$2,000,000$4,000,000
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