Quote:
Originally Posted by JurassicTunga12
From what i read, the signing bonuses on his contract would make the buyout almost pointless. Someone can correct me on this.
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Clarkson currently has a cap hit of $5.25 remaining for 4 years. If we bought him out, we'd still be dealing with the following cap hits instead of $5.25M:
2016-17 $3.75 ... savings of $1.5M
2017-18 $3.75 ... savings of $1.5M
2018-19 $4.75 ... savings of $0.5M
2019-20 $4.75 ... savings of $0.5M
2020-21 $0.5M ... savings of -$0.5M
2021-22 $0.5M ... savings of -$0.5M
2022-23 $0.5M ... savings of -$0.5M
2023-24 $0.5M ... savings of -$0.5M
So a buyout would save $2M total over 8 years instead of his actual 4 years remaining.