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A Colin White buyout spans 10 years, has a cost of $8,166,667 and savings of $16,333,333. White is 23 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $24,500,000 in salary remaining, the cost is $8,166,667, and the savings are $16,333,333. Buyouts span twice the length of the remaining years and because there are 5 years remaining in the contract, the buyout length is 10 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 |
|---|---|---|---|---|---|---|---|---|---|
| Jul. 15, 2020 | $24,500,000 | $0 | 5 | 10 | 23 | 1/3 | $8,166,667 | $16,333,333 | $816,667 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( MTL) |
| 2020-21 | $4,000,000 | $4,750,000 | $0 | $816,667 | $816,667 | $3,183,333 | $1,566,667 |
| 2021-22 | $4,750,000 | $4,750,000 | $0 | $816,667 | $816,667 | $3,933,333 | $816,667 |
| 2022-23 | $4,750,000 | $4,750,000 | $0 | $816,667 | $816,667 | $3,933,333 | $816,667 |
| 2023-24 | $4,750,000 | $4,750,000 | $0 | $816,667 | $816,667 | $3,933,333 | $816,667 |
| 2024-25 | $6,250,000 | $4,750,000 | $0 | $816,667 | $816,667 | $5,433,333 | -$683,333 |
| 2025-26 | $0 | $0 | $0 | $816,667 | $816,667 | -$816,667 | $816,667 |
| 2026-27 | $0 | $0 | $0 | $816,667 | $816,667 | -$816,667 | $816,667 |
| 2027-28 | $0 | $0 | $0 | $816,667 | $816,667 | -$816,667 | $816,667 |
| 2028-29 | $0 | $0 | $0 | $816,667 | $816,667 | -$816,667 | $816,667 |
| 2029-30 | $0 | $0 | $0 | $816,667 | $816,667 | -$816,667 | $816,667 |
| TOTAL | $24,500,000 | $23,750,000 | $0 | $8,166,667 | $8,166,667 | $16,333,333 | $7,416,670 |
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