A Nazem Kadri buyout spans 12 years, has a cost of $22,333,333 and savings of $11,166,667. Kadri is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $33,500,000 in salary remaining, the cost is $22,333,333, and the savings are $11,166,667. 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, 2023 | $33,500,000 | $8,500,000 | 6 | 12 | 32 | 2/3 | $22,333,333 | $11,166,667 | $1,861,111 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( CGY) |
2023-24 | $4,500,000 | $7,000,000 | $2,500,000 | $1,861,111 | $4,361,111 | $2,638,889 | $4,361,111 |
2024-25 | $4,500,000 | $7,000,000 | $2,500,000 | $1,861,111 | $4,361,111 | $2,638,889 | $4,361,111 |
2025-26 | $4,500,000 | $7,000,000 | $2,500,000 | $1,861,111 | $4,361,111 | $2,638,889 | $4,361,111 |
2026-27 | $6,000,000 | $7,000,000 | $1,000,000 | $1,861,111 | $2,861,111 | $4,138,889 | $2,861,111 |
2027-28 | $7,000,000 | $7,000,000 | $0 | $1,861,111 | $1,861,111 | $5,138,889 | $1,861,111 |
2028-29 | $7,000,000 | $7,000,000 | $0 | $1,861,111 | $1,861,111 | $5,138,889 | $1,861,111 |
2029-30 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
2030-31 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
2031-32 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
2032-33 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
2033-34 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
2034-35 | $0 | $0 | $0 | $1,861,111 | $1,861,111 | -$1,861,111 | $1,861,111 |
TOTAL | $33,500,000 | $42,000,000 | $8,500,000 | $22,333,333 | $30,833,333 | $11,166,667 | $30,833,332 |