:KC:
EXTENSION:
SP Faria, Jacob, $2.5m (2018)
2017: #132 SP
2018: #198 SP
Therefore, market value is $0.5m.
I'd like to apply rule IX-G-2.0 to extend for 2 years @ $2.0M per year ($2.5M * 0.7 = $1.75M, which rounds to $2.0M minimum extension salary).
==> SP Faria, Jacob, $2.0M (2020)
BUYOUT:
OF Smith, Seth, $3m (2019)
2018 cap hit: $3M * 0.75 = $2.25M, which rounds to $2.5M
2019 cap hit: $3M * 0.5 = $1.5M
Buyout amount = 1.1 * ($2.5M + $1.5M) = $4.4M, which rounds to $4.5M
I have $4.5M of 2018 cap space, so please apply the entire $4.5M buyout in 2018.
Thanks.