A Andrew Cristall buyout spans 6 years, has a cost of $810,000 and savings of $1,620,000. Cristall is 19 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,430,000 in salary remaining, the cost is $810,000, and the savings are $1,620,000. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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 | $2,430,000 | $190,000 | 3 | 6 | 19 | 1/3 | $810,000 | $1,620,000 | $135,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (WSH) |
2024-25 | $775,000 | $873,333 | $95,000 | $135,000 | $230,000 | $640,000 | $233,333 |
2025-26 | $800,000 | $873,333 | $95,000 | $135,000 | $230,000 | $665,000 | $208,333 |
2026-27 | $855,000 | $873,333 | $0 | $135,000 | $135,000 | $720,000 | $153,333 |
2027-28 | $0 | $0 | $0 | $135,000 | $135,000 | -$135,000 | $135,000 |
2028-29 | $0 | $0 | $0 | $135,000 | $135,000 | -$135,000 | $135,000 |
2029-30 | $0 | $0 | $0 | $135,000 | $135,000 | -$135,000 | $135,000 |
TOTAL | $2,430,000 | $2,619,999 | $190,000 | $810,000 | $1,000,000 | $1,620,000 | $999,999 |