Quote:
Originally Posted by FanSince'05
Is the lockout year included and what about the rollback?
Let's use Aaron Miller as an example.
In 2003, he signed a 4 year contract for $3.5M per season.
He made $3.5M in 200304, was slated to make $3.5M for 200405, made $2.66M in 200506, and is slated to make $2.66M in 200607.
If the Kings buy him out, what will be the cap hit for the Kings?
Thanks.

You can ignore anything before the lockout. Existing contracts after the lockout were rolled back the 24% and then averaged over the remaining postlockout years.
In your Aaron Miller case  ignore the $3.5M in '03'04 and the missed lockout season, and just average out the remaining years ($2.66M in '05'06 and '06'07, boy that was easy  $2.66M). If the Kings buy him out this offseson, since the actual dollars paid ($2.66M for '05'06) match the averaged contract amount, there is no need to make any adjustments, so the buyout amount would be 2/3 x $2.66M (remaining salary) paid out over 2 years (2x the remaining term) = $890K/yr in '06'07 and '07'08.
edit: with no rounding it comes to $1,773,333.33 over 2 years = $886,666.66 / yr.