A Zach Hyman buyout spans 8 years, has a cost of $11,966,667 and savings of $5,983,333. Hyman is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $17,950,000 in salary remaining, the cost is $11,966,667, and the savings are $5,983,333. 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 |
---|
Jun. 15, 2024 | $17,950,000 | $5,250,000 | 4 | 8 | 32 | 2/3 | $11,966,667 | $5,983,333 | $1,495,833 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (EDM) |
2024-25 | $7,700,000 | $5,500,000 | $0 | $1,495,833 | $1,495,833 | $6,204,167 | -$704,167 |
2025-26 | $5,425,000 | $5,500,000 | $1,000,000 | $1,495,833 | $2,495,833 | $3,929,167 | $1,570,833 |
2026-27 | $2,175,000 | $5,500,000 | $3,000,000 | $1,495,833 | $4,495,833 | $679,167 | $4,820,833 |
2027-28 | $2,650,000 | $5,500,000 | $1,250,000 | $1,495,833 | $2,745,833 | $1,154,167 | $4,345,833 |
2028-29 | $0 | $0 | $0 | $1,495,833 | $1,495,833 | -$1,495,833 | $1,495,833 |
2029-30 | $0 | $0 | $0 | $1,495,833 | $1,495,833 | -$1,495,833 | $1,495,833 |
2030-31 | $0 | $0 | $0 | $1,495,833 | $1,495,833 | -$1,495,833 | $1,495,833 |
2031-32 | $0 | $0 | $0 | $1,495,833 | $1,495,833 | -$1,495,833 | $1,495,833 |
TOTAL | $17,950,000 | $22,000,000 | $5,250,000 | $11,966,667 | $17,216,667 | $5,983,333 | $16,016,664 |