A Zach Bogosian buyout spans 2 years, has a cost of $866,667 and savings of $433,333. Bogosian is 28 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $1,300,000 in salary remaining, the cost is $866,667, and the savings are $433,333. 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 |
---|
Jun. 15, 2019 | $1,300,000 | $0 | 1 | 2 | 28 | 2/3 | $866,667 | $433,333 | $433,334 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MIN) |
2019-20 | $1,300,000 | $1,300,000 | $0 | $433,334 | $433,334 | $866,666 | $433,334 |
2020-21 | $0 | $0 | $0 | $433,334 | $433,334 | -$433,334 | $433,334 |
TOTAL | $1,300,000 | $1,300,000 | $0 | $866,667 | $866,667 | $433,333 | $866,668 |