A Cale Makar buyout spans 6 years, has a cost of $8,333,333 and savings of $16,666,667. Makar is 25 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $25,000,000 in salary remaining, the cost is $8,333,333, and the savings are $16,666,667. 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 | $25,000,000 | $1,000,000 | 3 | 6 | 25 | 1/3 | $8,333,333 | $16,666,667 | $1,388,889 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (COL) |
2024-25 | $10,600,000 | $9,000,000 | $0 | $1,388,889 | $1,388,889 | $9,211,111 | -$211,111 |
2025-26 | $8,700,000 | $9,000,000 | $0 | $1,388,889 | $1,388,889 | $7,311,111 | $1,688,889 |
2026-27 | $5,700,000 | $9,000,000 | $1,000,000 | $1,388,889 | $2,388,889 | $4,311,111 | $4,688,889 |
2027-28 | $0 | $0 | $0 | $1,388,889 | $1,388,889 | -$1,388,889 | $1,388,889 |
2028-29 | $0 | $0 | $0 | $1,388,889 | $1,388,889 | -$1,388,889 | $1,388,889 |
2029-30 | $0 | $0 | $0 | $1,388,889 | $1,388,889 | -$1,388,889 | $1,388,889 |
TOTAL | $25,000,000 | $27,000,000 | $1,000,000 | $8,333,333 | $9,333,333 | $16,666,667 | $10,333,334 |