A Ryan Lindgren buyout spans 4 years, has a cost of $2,333,333 and savings of $4,666,667. Lindgren is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $7,000,000 in salary remaining, the cost is $2,333,333, and the savings are $4,666,667. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
|BUYOUT DATE||BASE SALARY REMAINING||S.BONUS REMAINING||YEARS REMAINING||BUYOUT LENGTH||AGE||BUYOUT RATIO||TOTAL COST||TOTAL SAVINGS||ANNUAL COST|
|Jun. 15, 2022||$7,000,000||$0||2||4||24||1/3||$2,333,333||$4,666,667||$583,333|