A Martin Fehérváry buyout spans 4 years, has a cost of $875,000 and savings of $1,750,000. Fehérváry is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,625,000 in salary remaining, the cost is $875,000, and the savings are $1,750,000. 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.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $2,625,000 | $2,000,000 | 2 | 4 | 24 | 1/3 | $875,000 | $1,750,000 | $218,750 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (WSH) |
2024-25 | $1,550,000 | $2,675,000 | $1,000,000 | $218,750 | $1,218,750 | $1,331,250 | $1,343,750 |
2025-26 | $1,075,000 | $2,675,000 | $1,000,000 | $218,750 | $1,218,750 | $856,250 | $1,818,750 |
2026-27 | $0 | $0 | $0 | $218,750 | $218,750 | -$218,750 | $218,750 |
2027-28 | $0 | $0 | $0 | $218,750 | $218,750 | -$218,750 | $218,750 |
TOTAL | $2,625,000 | $5,350,000 | $2,000,000 | $875,000 | $2,875,000 | $1,750,000 | $3,600,000 |