Martin Jones Buyout Results

A Martin Jones buyout spans 4 years, has a cost of $6,333,333 and savings of $3,166,667. Jones is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $9,500,000 in salary remaining, the cost is $6,333,333, and the savings are $3,166,667. 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, 2022$9,500,000$024322/3$6,333,333$3,166,667$1,583,333
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Philadelphia FlyersPHI)
2022-23$5,000,000$5,750,000$0$1,583,333$1,583,333$3,416,667$2,333,333
2023-24$4,500,000$5,750,000$0$1,583,333$1,583,333$2,916,667$2,833,333
2024-25$0$0$0$1,583,333$1,583,333-$1,583,333$1,583,333
2025-26$0$0$0$1,583,333$1,583,333-$1,583,333$1,583,333
TOTAL$9,500,000$11,500,000$0$6,333,333$6,333,333$3,166,667$8,333,332
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