A Devon Toews buyout spans 14 years, has a cost of $33,166,667 and savings of $16,583,333. Toews is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $49,750,000 in salary remaining, the cost is $33,166,667, and the savings are $16,583,333. 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 | $49,750,000 | $1,000,000 | 7 | 14 | 30 | 2/3 | $33,166,667 | $16,583,333 | $2,369,048 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT (COL) |
2024-25 | $7,750,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $5,380,952 | $1,869,048 |
2025-26 | $7,750,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $5,380,952 | $1,869,048 |
2026-27 | $5,250,000 | $7,250,000 | $1,000,000 | $2,369,048 | $3,369,048 | $2,880,952 | $4,369,048 |
2027-28 | $7,750,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $5,380,952 | $1,869,048 |
2028-29 | $7,750,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $5,380,952 | $1,869,048 |
2029-30 | $7,500,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $5,130,952 | $2,119,048 |
2030-31 | $6,000,000 | $7,250,000 | $0 | $2,369,048 | $2,369,048 | $3,630,952 | $3,619,048 |
2031-32 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2032-33 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2033-34 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2034-35 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2035-36 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2036-37 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
2037-38 | $0 | $0 | $0 | $2,369,048 | $2,369,048 | -$2,369,048 | $2,369,048 |
TOTAL | $49,750,000 | $50,750,000 | $1,000,000 | $33,166,667 | $34,166,667 | $16,583,333 | $34,166,672 |