A MacKenzie Weegar buyout spans 14 years, has a cost of $25,166,667 and savings of $12,583,333. Weegar is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $37,750,000 in salary remaining, the cost is $25,166,667, and the savings are $12,583,333. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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 | $37,750,000 | $6,000,000 | 7 | 14 | 30 | 2/3 | $25,166,667 | $12,583,333 | $1,797,619 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (CGY) |
2024-25 | $4,250,000 | $6,250,000 | $2,000,000 | $1,797,619 | $3,797,619 | $2,452,381 | $3,797,619 |
2025-26 | $4,250,000 | $6,250,000 | $2,000,000 | $1,797,619 | $3,797,619 | $2,452,381 | $3,797,619 |
2026-27 | $4,250,000 | $6,250,000 | $2,000,000 | $1,797,619 | $3,797,619 | $2,452,381 | $3,797,619 |
2027-28 | $6,250,000 | $6,250,000 | $0 | $1,797,619 | $1,797,619 | $4,452,381 | $1,797,619 |
2028-29 | $6,250,000 | $6,250,000 | $0 | $1,797,619 | $1,797,619 | $4,452,381 | $1,797,619 |
2029-30 | $6,250,000 | $6,250,000 | $0 | $1,797,619 | $1,797,619 | $4,452,381 | $1,797,619 |
2030-31 | $6,250,000 | $6,250,000 | $0 | $1,797,619 | $1,797,619 | $4,452,381 | $1,797,619 |
2031-32 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2032-33 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2033-34 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2034-35 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2035-36 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2036-37 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
2037-38 | $0 | $0 | $0 | $1,797,619 | $1,797,619 | -$1,797,619 | $1,797,619 |
TOTAL | $37,750,000 | $43,750,000 | $6,000,000 | $25,166,667 | $31,166,667 | $12,583,333 | $31,166,666 |