A Brett Kulak buyout spans 4 years, has a cost of $3,166,667 and savings of $1,583,333. Kulak is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $4,750,000 in salary remaining, the cost is $3,166,667, and the savings are $1,583,333. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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 | $4,750,000 | $0 | 2 | 4 | 30 | 2/3 | $3,166,667 | $1,583,333 | $791,667 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (EDM) |
2024-25 | $2,500,000 | $2,750,000 | $0 | $791,667 | $791,667 | $1,708,333 | $1,041,667 |
2025-26 | $2,250,000 | $2,750,000 | $0 | $791,667 | $791,667 | $1,458,333 | $1,291,667 |
2026-27 | $0 | $0 | $0 | $791,667 | $791,667 | -$791,667 | $791,667 |
2027-28 | $0 | $0 | $0 | $791,667 | $791,667 | -$791,667 | $791,667 |
TOTAL | $4,750,000 | $5,500,000 | $0 | $3,166,667 | $3,166,667 | $1,583,333 | $3,916,668 |