A Miro Heiskanen buyout spans 10 years, has a cost of $15,200,000 and savings of $30,400,000. Heiskanen is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $45,600,000 in salary remaining, the cost is $15,200,000, and the savings are $30,400,000. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 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 | $45,600,000 | $0 | 5 | 10 | 24 | 1/3 | $15,200,000 | $30,400,000 | $1,520,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (DAL) |
2024-25 | $11,000,000 | $8,450,000 | $0 | $1,520,000 | $1,520,000 | $9,480,000 | -$1,030,000 |
2025-26 | $11,000,000 | $8,450,000 | $0 | $1,520,000 | $1,520,000 | $9,480,000 | -$1,030,000 |
2026-27 | $9,000,000 | $8,450,000 | $0 | $1,520,000 | $1,520,000 | $7,480,000 | $970,000 |
2027-28 | $8,000,000 | $8,450,000 | $0 | $1,520,000 | $1,520,000 | $6,480,000 | $1,970,000 |
2028-29 | $6,600,000 | $8,450,000 | $0 | $1,520,000 | $1,520,000 | $5,080,000 | $3,370,000 |
2029-30 | $0 | $0 | $0 | $1,520,000 | $1,520,000 | -$1,520,000 | $1,520,000 |
2030-31 | $0 | $0 | $0 | $1,520,000 | $1,520,000 | -$1,520,000 | $1,520,000 |
2031-32 | $0 | $0 | $0 | $1,520,000 | $1,520,000 | -$1,520,000 | $1,520,000 |
2032-33 | $0 | $0 | $0 | $1,520,000 | $1,520,000 | -$1,520,000 | $1,520,000 |
2033-34 | $0 | $0 | $0 | $1,520,000 | $1,520,000 | -$1,520,000 | $1,520,000 |
TOTAL | $45,600,000 | $42,250,000 | $0 | $15,200,000 | $15,200,000 | $30,400,000 | $11,850,000 |