A Stuart Skinner buyout spans 4 years, has a cost of $1,833,333 and savings of $3,666,667. Skinner is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $5,500,000 in salary remaining, the cost is $1,833,333, and the savings are $3,666,667. 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.
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 | $5,500,000 | $0 | 2 | 4 | 25 | 1/3 | $1,833,333 | $3,666,667 | $458,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (EDM) |
2024-25 | $2,500,000 | $2,600,000 | $0 | $458,333 | $458,333 | $2,041,667 | $558,333 |
2025-26 | $3,000,000 | $2,600,000 | $0 | $458,333 | $458,333 | $2,541,667 | $58,333 |
2026-27 | $0 | $0 | $0 | $458,333 | $458,333 | -$458,333 | $458,333 |
2027-28 | $0 | $0 | $0 | $458,333 | $458,333 | -$458,333 | $458,333 |
TOTAL | $5,500,000 | $5,200,000 | $0 | $1,833,333 | $1,833,333 | $3,666,667 | $1,533,332 |