A Drew Doughty buyout spans 10 years, has a cost of $34,000,000 and savings of $17,000,000. Doughty is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $51,000,000 in salary remaining, the cost is $34,000,000, and the savings are $17,000,000. 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.
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, 2022 | $51,000,000 | $4,000,000 | 5 | 10 | 32 | 2/3 | $34,000,000 | $17,000,000 | $3,400,000 |
Cap Hit Calculations
SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( LAK) |
2022-23 | $7,000,000 | $11,000,000 | $4,000,000 | $3,400,000 | $7,400,000 | $3,600,000 | $7,400,000 |
2023-24 | $11,000,000 | $11,000,000 | $0 | $3,400,000 | $3,400,000 | $7,600,000 | $3,400,000 |
2024-25 | $11,000,000 | $11,000,000 | $0 | $3,400,000 | $3,400,000 | $7,600,000 | $3,400,000 |
2025-26 | $11,000,000 | $11,000,000 | $0 | $3,400,000 | $3,400,000 | $7,600,000 | $3,400,000 |
2026-27 | $11,000,000 | $11,000,000 | $0 | $3,400,000 | $3,400,000 | $7,600,000 | $3,400,000 |
2027-28 | $0 | $0 | $0 | $3,400,000 | $3,400,000 | -$3,400,000 | $3,400,000 |
2028-29 | $0 | $0 | $0 | $3,400,000 | $3,400,000 | -$3,400,000 | $3,400,000 |
2029-30 | $0 | $0 | $0 | $3,400,000 | $3,400,000 | -$3,400,000 | $3,400,000 |
2030-31 | $0 | $0 | $0 | $3,400,000 | $3,400,000 | -$3,400,000 | $3,400,000 |
2031-32 | $0 | $0 | $0 | $3,400,000 | $3,400,000 | -$3,400,000 | $3,400,000 |
TOTAL | $51,000,000 | $55,000,000 | $4,000,000 | $34,000,000 | $38,000,000 | $17,000,000 | $38,000,000 |