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A Owen Beck buyout spans 6 years, has a cost of $821,667 and savings of $1,643,333. Beck is 20 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,465,000 in salary remaining, the cost is $821,667, and the savings are $1,643,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
| BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2024 | $2,465,000 | $95,000 | 3 | 6 | 20 | 1/3 | $821,667 | $1,643,333 | $136,945 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( MTL) |
| 2024-25 | $775,000 | $853,333 | $95,000 | $136,945 | $231,945 | $638,055 | $215,278 |
| 2025-26 | $835,000 | $853,333 | $0 | $136,945 | $136,945 | $698,055 | $155,278 |
| 2026-27 | $855,000 | $853,333 | $0 | $136,945 | $136,945 | $718,055 | $135,278 |
| 2027-28 | $0 | $0 | $0 | $136,945 | $136,945 | -$136,945 | $136,945 |
| 2028-29 | $0 | $0 | $0 | $136,945 | $136,945 | -$136,945 | $136,945 |
| 2029-30 | $0 | $0 | $0 | $136,945 | $136,945 | -$136,945 | $136,945 |
| TOTAL | $2,465,000 | $2,559,999 | $95,000 | $821,667 | $916,667 | $1,643,333 | $916,669 |
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