A Sean Behrens buyout spans 6 years, has a cost of $813,333 and savings of $1,626,667. Behrens is 21 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,440,000 in salary remaining, the cost is $813,333, and the savings are $1,626,667. 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 | $2,440,000 | $277,500 | 3 | 6 | 21 | 1/3 | $813,333 | $1,626,667 | $135,556 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (COL) |
2024-25 | $775,000 | $905,833 | $92,500 | $135,556 | $228,056 | $639,444 | $266,389 |
2025-26 | $832,500 | $905,833 | $92,500 | $135,556 | $228,056 | $696,944 | $208,889 |
2026-27 | $832,500 | $905,833 | $92,500 | $135,556 | $228,056 | $696,944 | $208,889 |
2027-28 | $0 | $0 | $0 | $135,556 | $135,556 | -$135,556 | $135,556 |
2028-29 | $0 | $0 | $0 | $135,556 | $135,556 | -$135,556 | $135,556 |
2029-30 | $0 | $0 | $0 | $135,556 | $135,556 | -$135,556 | $135,556 |
TOTAL | $2,440,000 | $2,717,499 | $277,500 | $813,333 | $1,090,833 | $1,626,667 | $1,090,835 |