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A Tyler Tullio buyout spans 2 years, has a cost of $258,333 and savings of $516,667. Tullio is 22 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $775,000 in salary remaining, the cost is $258,333, and the savings are $516,667. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 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, 2024 | $775,000 | $0 | 1 | 2 | 22 | 1/3 | $258,333 | $516,667 | $129,167 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( EDM) |
| 2024-25 | $775,000 | $823,333 | $0 | $129,167 | $129,167 | $645,833 | $177,500 |
| 2025-26 | $0 | $0 | $0 | $129,167 | $129,167 | -$129,167 | $129,167 |
| TOTAL | $775,000 | $823,333 | $0 | $258,333 | $258,333 | $516,667 | $306,667 |
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