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05-17-2013, 01:09 PM
Join Date: Sep 2002
Originally Posted by
The buy out formula is:
T=total amount owed
Annual per year payment is= 2T/3 evenly over 2y years.
He is owed around $45M for 7 years...this means he would be paid $30M over 14 years....so around $2.15M per year
This is the same as a routine buyout...just under the amnesty buyout it doesnt show on the cap.
thanks, i thought that was the traditional buy out formula and the amnesty buyout was paid in full
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