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Devon Toews Buyout Results

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.

Buyout Date
Cost Calculations
BUYOUT DATEBASE SALARY REMAININGS.BONUS REMAININGYEARS REMAININGBUYOUT LENGTHAGEBUYOUT RATIOTOTAL COSTTOTAL SAVINGSANNUAL COST
Jun. 15, 2024$49,750,000$1,000,000714302/3$33,166,667$16,583,333$2,369,048
Cap Hit Calculations
SEASONINITIAL BASE SALARYINITIAL CAP HITSIGNING BONUSBUYOUT COSTPOST-BUYOUT EARNINGSSAVINGSCAP HIT (Logo of the Colorado AvalancheCOL)
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