A Samu Tuomaala buyout spans 4 years, has a cost of $541,667 and savings of $1,083,333. Tuomaala is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $1,625,000 in salary remaining, the cost is $541,667, and the savings are $1,083,333. 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.
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 | $1,625,000 | $0 | 2 | 4 | 21 | 1/3 | $541,667 | $1,083,333 | $135,417 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (PHI) |
2024-25 | $800,000 | $830,833 | $0 | $135,417 | $135,417 | $664,583 | $166,250 |
2025-26 | $825,000 | $830,833 | $0 | $135,417 | $135,417 | $689,583 | $141,250 |
2026-27 | $0 | $0 | $0 | $135,417 | $135,417 | -$135,417 | $135,417 |
2027-28 | $0 | $0 | $0 | $135,417 | $135,417 | -$135,417 | $135,417 |
TOTAL | $1,625,000 | $1,661,666 | $0 | $541,667 | $541,667 | $1,083,333 | $578,334 |