Release Derek Norris $4M(2020)
3.5M for 2018
2.5M for 2019
1M for 2020
Total Buyout is $7M in 2018
Contract Buyouts require the total to be multiplied by 1.1%.
$3.5 x+ $2.5 + $1.0 x 1.1% = $7.7m
Buyouts are must be rounded up to the nearest $0.5m, so the Contract Buyout total is $8.0m.