A Zach Hyman buyout spans 12 years, has a cost of $20,466,667 and savings of $10,233,333. Hyman is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $30,700,000 in salary remaining, the cost is $20,466,667, and the savings are $10,233,333. Buyouts span twice the length of the remaining years and because there are 6 years remaining in the contract, the buyout length is 12 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, 2022 | $30,700,000 | $5,250,000 | 6 | 12 | 30 | 2/3 | $20,466,667 | $10,233,333 | $1,705,556 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( EDM) |
2022-23 | $5,100,000 | $5,500,000 | $0 | $1,705,556 | $1,705,556 | $3,394,444 | $2,105,556 |
2023-24 | $7,650,000 | $5,500,000 | $0 | $1,705,556 | $1,705,556 | $5,944,444 | -$444,444 |
2024-25 | $7,700,000 | $5,500,000 | $0 | $1,705,556 | $1,705,556 | $5,994,444 | -$494,444 |
2025-26 | $5,425,000 | $5,500,000 | $1,000,000 | $1,705,556 | $2,705,556 | $3,719,444 | $1,780,556 |
2026-27 | $2,175,000 | $5,500,000 | $3,000,000 | $1,705,556 | $4,705,556 | $469,444 | $5,030,556 |
2027-28 | $2,650,000 | $5,500,000 | $1,250,000 | $1,705,556 | $2,955,556 | $944,444 | $4,555,556 |
2028-29 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
2029-30 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
2030-31 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
2031-32 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
2032-33 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
2033-34 | $0 | $0 | $0 | $1,705,556 | $1,705,556 | -$1,705,556 | $1,705,556 |
TOTAL | $30,700,000 | $33,000,000 | $5,250,000 | $20,466,667 | $25,716,667 | $10,233,333 | $22,766,672 |