A Nicolas Roy buyout spans 6 years, has a cost of $5,333,333 and savings of $2,666,667. Roy is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $8,000,000 in salary remaining, the cost is $5,333,333, and the savings are $2,666,667. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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 | $8,000,000 | $0 | 3 | 6 | 27 | 2/3 | $5,333,333 | $2,666,667 | $888,889 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (VGK) |
2024-25 | $3,000,000 | $3,000,000 | $0 | $888,889 | $888,889 | $2,111,111 | $888,889 |
2025-26 | $2,500,000 | $3,000,000 | $0 | $888,889 | $888,889 | $1,611,111 | $1,388,889 |
2026-27 | $2,500,000 | $3,000,000 | $0 | $888,889 | $888,889 | $1,611,111 | $1,388,889 |
2027-28 | $0 | $0 | $0 | $888,889 | $888,889 | -$888,889 | $888,889 |
2028-29 | $0 | $0 | $0 | $888,889 | $888,889 | -$888,889 | $888,889 |
2029-30 | $0 | $0 | $0 | $888,889 | $888,889 | -$888,889 | $888,889 |
TOTAL | $8,000,000 | $9,000,000 | $0 | $5,333,333 | $5,333,333 | $2,666,667 | $6,333,334 |