A Tristan Jarry buyout spans 8 years, has a cost of $8,383,333 and savings of $4,191,667. Jarry is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,575,000 in salary remaining, the cost is $8,383,333, and the savings are $4,191,667. 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.
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 | $12,575,000 | $7,500,000 | 4 | 8 | 29 | 2/3 | $8,383,333 | $4,191,667 | $1,047,917 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (PIT) |
2024-25 | $5,400,000 | $5,375,000 | $1,000,000 | $1,047,917 | $2,047,917 | $4,352,083 | $1,022,917 |
2025-26 | $4,425,000 | $5,375,000 | $1,000,000 | $1,047,917 | $2,047,917 | $3,377,083 | $1,997,917 |
2026-27 | $1,125,000 | $5,375,000 | $3,000,000 | $1,047,917 | $4,047,917 | $77,083 | $5,297,917 |
2027-28 | $1,625,000 | $5,375,000 | $2,500,000 | $1,047,917 | $3,547,917 | $577,083 | $4,797,917 |
2028-29 | $0 | $0 | $0 | $1,047,917 | $1,047,917 | -$1,047,917 | $1,047,917 |
2029-30 | $0 | $0 | $0 | $1,047,917 | $1,047,917 | -$1,047,917 | $1,047,917 |
2030-31 | $0 | $0 | $0 | $1,047,917 | $1,047,917 | -$1,047,917 | $1,047,917 |
2031-32 | $0 | $0 | $0 | $1,047,917 | $1,047,917 | -$1,047,917 | $1,047,917 |
TOTAL | $12,575,000 | $21,500,000 | $7,500,000 | $8,383,333 | $15,883,333 | $4,191,667 | $17,308,336 |