A Auston Matthews buyout spans 8 years, has a cost of $2,233,333 and savings of $1,116,667. Matthews is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $3,350,000 in salary remaining, the cost is $2,233,333, and the savings are $1,116,667. Buyouts span twice the length of the remaining years and because there are 4 years remaining in the contract, the buyout length is 8 years. The buyout cap hit is displayed in the Cap Hit Calculations table below.
Cost Calculations
BUYOUT DATE | BASE SALARY REMAINING | S.BONUS REMAINING | YEARS REMAINING | BUYOUT LENGTH | AGE | BUYOUT RATIO | TOTAL COST | TOTAL SAVINGS | ANNUAL COST |
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Jun. 15, 2024 | $3,350,000 | $49,650,000 | 4 | 8 | 26 | 2/3 | $2,233,333 | $1,116,667 | $279,167 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (TOR) |
2024-25 | $775,000 | $13,250,000 | $15,925,000 | $279,167 | $16,204,167 | $495,833 | $12,754,167 |
2025-26 | $775,000 | $13,250,000 | $14,425,000 | $279,167 | $14,704,167 | $495,833 | $12,754,167 |
2026-27 | $900,000 | $13,250,000 | $10,180,000 | $279,167 | $10,459,167 | $620,833 | $12,629,167 |
2027-28 | $900,000 | $13,250,000 | $9,120,000 | $279,167 | $9,399,167 | $620,833 | $12,629,167 |
2028-29 | $0 | $0 | $0 | $279,167 | $279,167 | -$279,167 | $279,167 |
2029-30 | $0 | $0 | $0 | $279,167 | $279,167 | -$279,167 | $279,167 |
2030-31 | $0 | $0 | $0 | $279,167 | $279,167 | -$279,167 | $279,167 |
2031-32 | $0 | $0 | $0 | $279,167 | $279,167 | -$279,167 | $279,167 |
TOTAL | $3,350,000 | $53,000,000 | $49,650,000 | $2,233,333 | $51,883,333 | $1,116,667 | $51,883,336 |