A Matthew Boldy buyout spans 12 years, has a cost of $13,666,667 and savings of $27,333,333. Boldy is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $41,000,000 in salary remaining, the cost is $13,666,667, and the savings are $27,333,333. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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 | $41,000,000 | $0 | 6 | 12 | 23 | 1/3 | $13,666,667 | $27,333,333 | $1,138,889 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
2024-25 | $9,700,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $8,561,111 | -$1,561,111 |
2025-26 | $7,700,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $6,561,111 | $438,889 |
2026-27 | $6,000,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $4,861,111 | $2,138,889 |
2027-28 | $5,960,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $4,821,111 | $2,178,889 |
2028-29 | $5,820,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $4,681,111 | $2,318,889 |
2029-30 | $5,820,000 | $7,000,000 | $0 | $1,138,889 | $1,138,889 | $4,681,111 | $2,318,889 |
2030-31 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
2031-32 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
2032-33 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
2033-34 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
2034-35 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
2035-36 | $0 | $0 | $0 | $1,138,889 | $1,138,889 | -$1,138,889 | $1,138,889 |
TOTAL | $41,000,000 | $42,000,000 | $0 | $13,666,667 | $13,666,667 | $27,333,333 | $14,666,668 |