A Fraser Minten buyout spans 6 years, has a cost of $787,500 and savings of $1,575,000. Minten is 19 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,362,500 in salary remaining, the cost is $787,500, and the savings are $1,575,000. 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 | $2,362,500 | $87,500 | 3 | 6 | 19 | 1/3 | $787,500 | $1,575,000 | $131,250 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TOR) |
2024-25 | $787,500 | $816,667 | $87,500 | $131,250 | $218,750 | $656,250 | $160,417 |
2025-26 | $787,500 | $816,667 | $0 | $131,250 | $131,250 | $656,250 | $160,417 |
2026-27 | $787,500 | $816,667 | $0 | $131,250 | $131,250 | $656,250 | $160,417 |
2027-28 | $0 | $0 | $0 | $131,250 | $131,250 | -$131,250 | $131,250 |
2028-29 | $0 | $0 | $0 | $131,250 | $131,250 | -$131,250 | $131,250 |
2029-30 | $0 | $0 | $0 | $131,250 | $131,250 | -$131,250 | $131,250 |
TOTAL | $2,362,500 | $2,450,001 | $87,500 | $787,500 | $875,000 | $1,575,000 | $875,001 |