A Matias Maccelli buyout spans 4 years, has a cost of $2,425,000 and savings of $4,850,000. Maccelli is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $7,275,000 in salary remaining, the cost is $2,425,000, and the savings are $4,850,000. 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 | $7,275,000 | $0 | 2 | 4 | 23 | 1/3 | $2,425,000 | $4,850,000 | $606,250 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (ARI) |
2024-25 | $3,025,000 | $3,425,000 | $0 | $606,250 | $606,250 | $2,418,750 | $1,006,250 |
2025-26 | $4,250,000 | $3,425,000 | $0 | $606,250 | $606,250 | $3,643,750 | -$218,750 |
2026-27 | $0 | $0 | $0 | $606,250 | $606,250 | -$606,250 | $606,250 |
2027-28 | $0 | $0 | $0 | $606,250 | $606,250 | -$606,250 | $606,250 |
TOTAL | $7,275,000 | $6,850,000 | $0 | $2,425,000 | $2,425,000 | $4,850,000 | $2,000,000 |