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A Martin Jones buyout spans 8 years, has a cost of $13,000,000 and savings of $6,500,000. Jones is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $19,500,000 in salary remaining, the cost is $13,000,000, and the savings are $6,500,000. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 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, 2020 | $19,500,000 | $1,500,000 | 4 | 8 | 30 | 2/3 | $13,000,000 | $6,500,000 | $1,625,000 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( TOR) |
| 2020-21 | $4,500,000 | $5,750,000 | $1,500,000 | $1,625,000 | $3,125,000 | $2,875,000 | $2,875,000 |
| 2021-22 | $5,500,000 | $5,750,000 | $0 | $1,625,000 | $1,625,000 | $3,875,000 | $1,875,000 |
| 2022-23 | $5,000,000 | $5,750,000 | $0 | $1,625,000 | $1,625,000 | $3,375,000 | $2,375,000 |
| 2023-24 | $4,500,000 | $5,750,000 | $0 | $1,625,000 | $1,625,000 | $2,875,000 | $2,875,000 |
| 2024-25 | $0 | $0 | $0 | $1,625,000 | $1,625,000 | -$1,625,000 | $1,625,000 |
| 2025-26 | $0 | $0 | $0 | $1,625,000 | $1,625,000 | -$1,625,000 | $1,625,000 |
| 2026-27 | $0 | $0 | $0 | $1,625,000 | $1,625,000 | -$1,625,000 | $1,625,000 |
| 2027-28 | $0 | $0 | $0 | $1,625,000 | $1,625,000 | -$1,625,000 | $1,625,000 |
| TOTAL | $19,500,000 | $23,000,000 | $1,500,000 | $13,000,000 | $14,500,000 | $6,500,000 | $16,500,000 |
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