A Alexander Khovanov buyout spans 2 years, has a cost of $258,333 and savings of $516,667. Khovanov is 22 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $775,000 in salary remaining, the cost is $258,333, and the savings are $516,667. 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, 2022||$775,000||$0||1||2||22||1/3||$258,333||$516,667||$129,167|