Giants' Contract Buyout - Tim Lincecum

[Flash]

The contract of Tim Lincecum has already been dropped and the Giants are now executing a buyout of the remaining salary obligations.

SP Lincecum, Tim, $23.0m (2015)
(2013 - 75%): $17.5m
(2014 - 50%): $11.5m
(2015 - 25%): $6.0m
Total Buyout Amount = $35.0m x 1.1 = $38.5 

$38.5m - $17.5m = $21.0m
$21.0m - $7.5m (Available Salary Cap Monies) = $13.5m

Salary Cap Obligations
2013 = $25.0m
2014 = $7.0m
2015 = $6.5m

[BHows]

The contract of Tim Lincecum has already been dropped and the Giants are now executing a buyout of the remaining salary obligations.

SP Lincecum, Tim, $23.0m (2015)
(2013 - 75%): $17.5m
(2014 - 50%): $11.5m
(2015 - 25%): $6.0m
Total Buyout Amount = $35.0m x 1.1 = $38.5

$38.5m - $17.5m = $21.0m
$21.0m - $7.5m (Available Salary Cap Monies) = $13.5m

Salary Cap Obligations
2013 = $25.0m
2014 = $7.0m
2015 = $6.5m

Fantrax not involved