A Cole Caufield buyout spans 14 years, has a cost of $15,941,667 and savings of $31,883,333. Caufield is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $47,825,000 in salary remaining, the cost is $15,941,667, and the savings are $31,883,333. Buyouts span twice the length of the remaining years and because there are 7 years remaining in the contract, the buyout length is 14 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 | $47,825,000 | $5,000,000 | 7 | 14 | 23 | 1/3 | $15,941,667 | $31,883,333 | $1,138,691 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (MTL) |
2024-25 | $4,975,000 | $7,850,000 | $5,000,000 | $1,138,691 | $6,138,691 | $3,836,309 | $4,013,691 |
2025-26 | $9,975,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $8,836,309 | -$986,309 |
2026-27 | $8,705,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $7,566,309 | $283,691 |
2027-28 | $6,215,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $5,076,309 | $2,773,691 |
2028-29 | $5,985,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $4,846,309 | $3,003,691 |
2029-30 | $5,985,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $4,846,309 | $3,003,691 |
2030-31 | $5,985,000 | $7,850,000 | $0 | $1,138,691 | $1,138,691 | $4,846,309 | $3,003,691 |
2031-32 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2032-33 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2033-34 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2034-35 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2035-36 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2036-37 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
2037-38 | $0 | $0 | $0 | $1,138,691 | $1,138,691 | -$1,138,691 | $1,138,691 |
TOTAL | $47,825,000 | $54,950,000 | $5,000,000 | $15,941,667 | $20,941,667 | $31,883,333 | $23,066,674 |