A Nick Suzuki buyout spans 12 years, has a cost of $12,333,333 and savings of $24,666,667. Suzuki is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $37,000,000 in salary remaining, the cost is $12,333,333, and the savings are $24,666,667. 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, 2024 | $37,000,000 | $6,000,000 | 6 | 12 | 24 | 1/3 | $12,333,333 | $24,666,667 | $1,027,778 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MTL) |
2024-25 | $10,000,000 | $7,875,000 | $0 | $1,027,778 | $1,027,778 | $8,972,222 | -$1,097,222 |
2025-26 | $8,750,000 | $7,875,000 | $0 | $1,027,778 | $1,027,778 | $7,722,222 | $152,778 |
2026-27 | $6,250,000 | $7,875,000 | $0 | $1,027,778 | $1,027,778 | $5,222,222 | $2,652,778 |
2027-28 | $6,000,000 | $7,875,000 | $0 | $1,027,778 | $1,027,778 | $4,972,222 | $2,902,778 |
2028-29 | $3,000,000 | $7,875,000 | $3,000,000 | $1,027,778 | $4,027,778 | $1,972,222 | $5,902,778 |
2029-30 | $3,000,000 | $7,875,000 | $3,000,000 | $1,027,778 | $4,027,778 | $1,972,222 | $5,902,778 |
2030-31 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
2031-32 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
2032-33 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
2033-34 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
2034-35 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
2035-36 | $0 | $0 | $0 | $1,027,778 | $1,027,778 | -$1,027,778 | $1,027,778 |
TOTAL | $37,000,000 | $47,250,000 | $6,000,000 | $12,333,333 | $18,333,333 | $24,666,667 | $22,583,336 |