A Adam Pelech buyout spans 10 years, has a cost of $19,166,667 and savings of $9,583,333. Pelech is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $28,750,000 in salary remaining, the cost is $19,166,667, and the savings are $9,583,333. 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 | $28,750,000 | $0 | 5 | 10 | 29 | 2/3 | $19,166,667 | $9,583,333 | $1,916,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NYI) |
2024-25 | $5,750,000 | $5,750,000 | $0 | $1,916,667 | $1,916,667 | $3,833,333 | $1,916,667 |
2025-26 | $5,750,000 | $5,750,000 | $0 | $1,916,667 | $1,916,667 | $3,833,333 | $1,916,667 |
2026-27 | $5,750,000 | $5,750,000 | $0 | $1,916,667 | $1,916,667 | $3,833,333 | $1,916,667 |
2027-28 | $5,750,000 | $5,750,000 | $0 | $1,916,667 | $1,916,667 | $3,833,333 | $1,916,667 |
2028-29 | $5,750,000 | $5,750,000 | $0 | $1,916,667 | $1,916,667 | $3,833,333 | $1,916,667 |
2029-30 | $0 | $0 | $0 | $1,916,667 | $1,916,667 | -$1,916,667 | $1,916,667 |
2030-31 | $0 | $0 | $0 | $1,916,667 | $1,916,667 | -$1,916,667 | $1,916,667 |
2031-32 | $0 | $0 | $0 | $1,916,667 | $1,916,667 | -$1,916,667 | $1,916,667 |
2032-33 | $0 | $0 | $0 | $1,916,667 | $1,916,667 | -$1,916,667 | $1,916,667 |
2033-34 | $0 | $0 | $0 | $1,916,667 | $1,916,667 | -$1,916,667 | $1,916,667 |
TOTAL | $28,750,000 | $28,750,000 | $0 | $19,166,667 | $19,166,667 | $9,583,333 | $19,166,670 |