A Brandon Carlo buyout spans 6 years, has a cost of $8,600,000 and savings of $4,300,000. Carlo is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $12,900,000 in salary remaining, the cost is $8,600,000, and the savings are $4,300,000. 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 | $12,900,000 | $0 | 3 | 6 | 27 | 2/3 | $8,600,000 | $4,300,000 | $1,433,333 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (BOS) |
2024-25 | $5,450,000 | $4,100,000 | $0 | $1,433,333 | $1,433,333 | $4,016,667 | $83,333 |
2025-26 | $4,200,000 | $4,100,000 | $0 | $1,433,333 | $1,433,333 | $2,766,667 | $1,333,333 |
2026-27 | $3,250,000 | $4,100,000 | $0 | $1,433,333 | $1,433,333 | $1,816,667 | $2,283,333 |
2027-28 | $0 | $0 | $0 | $1,433,333 | $1,433,333 | -$1,433,333 | $1,433,333 |
2028-29 | $0 | $0 | $0 | $1,433,333 | $1,433,333 | -$1,433,333 | $1,433,333 |
2029-30 | $0 | $0 | $0 | $1,433,333 | $1,433,333 | -$1,433,333 | $1,433,333 |
TOTAL | $12,900,000 | $12,300,000 | $0 | $8,600,000 | $8,600,000 | $4,300,000 | $7,999,998 |