A Timo Meier buyout spans 14 years, has a cost of $19,466,667 and savings of $9,733,333. Meier is 27 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $29,200,000 in salary remaining, the cost is $19,466,667, and the savings are $9,733,333. 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 | $29,200,000 | $29,200,000 | 7 | 14 | 27 | 2/3 | $19,466,667 | $9,733,333 | $1,390,476 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (NJD) |
2024-25 | $5,350,000 | $8,800,000 | $5,750,000 | $1,390,476 | $7,140,476 | $3,959,524 | $4,840,476 |
2025-26 | $5,000,000 | $8,800,000 | $5,750,000 | $1,390,476 | $7,140,476 | $3,609,524 | $5,190,476 |
2026-27 | $3,350,000 | $8,800,000 | $4,400,000 | $1,390,476 | $5,790,476 | $1,959,524 | $6,840,476 |
2027-28 | $2,200,000 | $8,800,000 | $5,000,000 | $1,390,476 | $6,390,476 | $809,524 | $7,990,476 |
2028-29 | $2,200,000 | $8,800,000 | $5,000,000 | $1,390,476 | $6,390,476 | $809,524 | $7,990,476 |
2029-30 | $3,900,000 | $8,800,000 | $3,300,000 | $1,390,476 | $4,690,476 | $2,509,524 | $6,290,476 |
2030-31 | $7,200,000 | $8,800,000 | $0 | $1,390,476 | $1,390,476 | $5,809,524 | $2,990,476 |
2031-32 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2032-33 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2033-34 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2034-35 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2035-36 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2036-37 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
2037-38 | $0 | $0 | $0 | $1,390,476 | $1,390,476 | -$1,390,476 | $1,390,476 |
TOTAL | $29,200,000 | $61,600,000 | $29,200,000 | $19,466,667 | $48,666,667 | $9,733,333 | $51,866,664 |