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A Alex Barré-Boulet buyout spans 2 years, has a cost of $516,667 and savings of $258,333. Barré-Boulet is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $775,000 in salary remaining, the cost is $516,667, and the savings are $258,333. Buyouts span twice the length of the remaining years and because there is 1 year remaining in the contract, the buyout length is 2 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, 2023 | $775,000 | $0 | 1 | 2 | 26 | 2/3 | $516,667 | $258,333 | $258,334 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( TBL) |
| 2023-24 | $775,000 | $758,333 | $0 | $258,334 | $258,334 | $516,666 | $241,667 |
| 2024-25 | $0 | $0 | $0 | $258,334 | $258,334 | -$258,334 | $258,334 |
| TOTAL | $775,000 | $758,333 | $0 | $516,667 | $516,667 | $258,333 | $500,001 |
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