A Yegor Sharangovich buyout spans 2 years, has a cost of $2,066,667 and savings of $1,033,333. Sharangovich is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,100,000 in salary remaining, the cost is $2,066,667, and the savings are $1,033,333. 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.
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 | $3,100,000 | $0 | 1 | 2 | 26 | 2/3 | $2,066,667 | $1,033,333 | $1,033,334 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CGY) |
2024-25 | $3,100,000 | $3,100,000 | $0 | $1,033,334 | $1,033,334 | $2,066,666 | $1,033,334 |
2025-26 | $0 | $0 | $0 | $1,033,334 | $1,033,334 | -$1,033,334 | $1,033,334 |
TOTAL | $3,100,000 | $3,100,000 | $0 | $2,066,667 | $2,066,667 | $1,033,333 | $2,066,668 |