A Oliver Ekman-Larsson buyout spans 6 years, has a cost of $12,333,333 and savings of $6,166,667. Ekman-Larsson is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $18,500,000 in salary remaining, the cost is $12,333,333, and the savings are $6,166,667. 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.
This player does not currently have an active contract; however, the buyout details of their previously bought-out contract would be as follows
Retained Salary
This contract was involved in a retained salary transaction. The resulting costs and cap hit are therefore split between each team based on the percentage of salary retained by the respective teams.
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 | $18,500,000 | $0 | 3 | 6 | 32 | 2/3 | $12,333,333 | $6,166,667 | $2,055,556 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (FLA) | CAP HIT (ARI) |
2024-25 | $8,000,000 | $8,250,000 | $0 | $2,055,556 | $2,055,556 | $5,944,444 | $2,028,889 | $276,667 |
2025-26 | $5,250,000 | $8,250,000 | $0 | $2,055,556 | $2,055,556 | $3,194,444 | $4,448,889 | $606,667 |
2026-27 | $5,250,000 | $8,250,000 | $0 | $2,055,556 | $2,055,556 | $3,194,444 | $4,448,889 | $606,667 |
2027-28 | $0 | $0 | $0 | $2,055,556 | $2,055,556 | -$2,055,556 | $1,808,889 | $246,667 |
2028-29 | $0 | $0 | $0 | $2,055,556 | $2,055,556 | -$2,055,556 | $1,808,889 | $246,667 |
2029-30 | $0 | $0 | $0 | $2,055,556 | $2,055,556 | -$2,055,556 | $1,808,889 | $246,667 |
TOTAL | $18,500,000 | $24,750,000 | $0 | $12,333,333 | $12,333,333 | $6,166,667 | $16,353,334 (88%) | $2,230,002 (12%) |