A Vincent Trocheck buyout spans 10 years, has a cost of $10,250,000 and savings of $5,125,000. Trocheck is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $15,375,000 in salary remaining, the cost is $10,250,000, and the savings are $5,125,000. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 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 | $15,375,000 | $11,500,000 | 5 | 10 | 30 | 2/3 | $10,250,000 | $5,125,000 | $1,025,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYR) |
2024-25 | $3,375,000 | $5,625,000 | $3,000,000 | $1,025,000 | $4,025,000 | $2,350,000 | $3,275,000 |
2025-26 | $3,000,000 | $5,625,000 | $3,000,000 | $1,025,000 | $4,025,000 | $1,975,000 | $3,650,000 |
2026-27 | $3,000,000 | $5,625,000 | $3,000,000 | $1,025,000 | $4,025,000 | $1,975,000 | $3,650,000 |
2027-28 | $3,000,000 | $5,625,000 | $1,500,000 | $1,025,000 | $2,525,000 | $1,975,000 | $3,650,000 |
2028-29 | $3,000,000 | $5,625,000 | $1,000,000 | $1,025,000 | $2,025,000 | $1,975,000 | $3,650,000 |
2029-30 | $0 | $0 | $0 | $1,025,000 | $1,025,000 | -$1,025,000 | $1,025,000 |
2030-31 | $0 | $0 | $0 | $1,025,000 | $1,025,000 | -$1,025,000 | $1,025,000 |
2031-32 | $0 | $0 | $0 | $1,025,000 | $1,025,000 | -$1,025,000 | $1,025,000 |
2032-33 | $0 | $0 | $0 | $1,025,000 | $1,025,000 | -$1,025,000 | $1,025,000 |
2033-34 | $0 | $0 | $0 | $1,025,000 | $1,025,000 | -$1,025,000 | $1,025,000 |
TOTAL | $15,375,000 | $28,125,000 | $11,500,000 | $10,250,000 | $21,750,000 | $5,125,000 | $23,000,000 |