A Oliver Ekman-Larsson buyout spans 8 years, has a cost of $19,333,333 and savings of $9,666,667. Ekman-Larsson is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $29,000,000 in salary remaining, the cost is $19,333,333, and the savings are $9,666,667. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
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, 2023 | $29,000,000 | $0 | 4 | 8 | 31 | 2/3 | $19,333,333 | $9,666,667 | $2,416,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( VAN) | CAP HIT ( ARI) |
2023-24 | $10,500,000 | $8,250,000 | $0 | $2,416,667 | $2,416,667 | $8,083,333 | $146,667 | $20,000 |
2024-25 | $8,000,000 | $8,250,000 | $0 | $2,416,667 | $2,416,667 | $5,583,333 | $2,346,667 | $320,000 |
2025-26 | $5,250,000 | $8,250,000 | $0 | $2,416,667 | $2,416,667 | $2,833,333 | $4,766,667 | $650,000 |
2026-27 | $5,250,000 | $8,250,000 | $0 | $2,416,667 | $2,416,667 | $2,833,333 | $4,766,667 | $650,000 |
2027-28 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,126,667 | $290,000 |
2028-29 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,126,667 | $290,000 |
2029-30 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,126,667 | $290,000 |
2030-31 | $0 | $0 | $0 | $2,416,667 | $2,416,667 | -$2,416,667 | $2,126,667 | $290,000 |
TOTAL | $29,000,000 | $33,000,000 | $0 | $19,333,333 | $19,333,333 | $9,666,667 | $20,533,336 (88%) | $2,800,000 (12%) |