A Valeri Nichushkin buyout spans 12 years, has a cost of $20,333,333 and savings of $10,166,667. Nichushkin is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $30,500,000 in salary remaining, the cost is $20,333,333, and the savings are $10,166,667. 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, 2024 | $30,500,000 | $5,000,000 | 6 | 12 | 29 | 2/3 | $20,333,333 | $10,166,667 | $1,694,444 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (COL) |
2024-25 | $8,000,000 | $6,125,000 | $0 | $1,694,444 | $1,694,444 | $6,305,556 | -$180,556 |
2025-26 | $7,300,000 | $6,125,000 | $0 | $1,694,444 | $1,694,444 | $5,605,556 | $519,444 |
2026-27 | $4,800,000 | $6,125,000 | $1,000,000 | $1,694,444 | $2,694,444 | $3,105,556 | $3,019,444 |
2027-28 | $4,800,000 | $6,125,000 | $0 | $1,694,444 | $1,694,444 | $3,105,556 | $3,019,444 |
2028-29 | $2,800,000 | $6,125,000 | $2,000,000 | $1,694,444 | $3,694,444 | $1,105,556 | $5,019,444 |
2029-30 | $2,800,000 | $6,125,000 | $2,000,000 | $1,694,444 | $3,694,444 | $1,105,556 | $5,019,444 |
2030-31 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
2031-32 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
2032-33 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
2033-34 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
2034-35 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
2035-36 | $0 | $0 | $0 | $1,694,444 | $1,694,444 | -$1,694,444 | $1,694,444 |
TOTAL | $30,500,000 | $36,750,000 | $5,000,000 | $20,333,333 | $25,333,333 | $10,166,667 | $26,583,328 |