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A Jake Oettinger buyout spans 4 years, has a cost of $3,200,000 and savings of $6,400,000. Oettinger is 24 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $9,600,000 in salary remaining, the cost is $3,200,000, and the savings are $6,400,000. Buyouts span twice the length of the remaining years and because there are 2 years remaining in the contract, the buyout length is 4 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 |
|---|---|---|---|---|---|---|---|---|---|
| Jun. 15, 2023 | $9,600,000 | $0 | 2 | 4 | 24 | 1/3 | $3,200,000 | $6,400,000 | $800,000 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( DAL) |
| 2023-24 | $4,800,000 | $4,000,000 | $0 | $800,000 | $800,000 | $4,000,000 | $0 |
| 2024-25 | $4,800,000 | $4,000,000 | $0 | $800,000 | $800,000 | $4,000,000 | $0 |
| 2025-26 | $0 | $0 | $0 | $800,000 | $800,000 | -$800,000 | $800,000 |
| 2026-27 | $0 | $0 | $0 | $800,000 | $800,000 | -$800,000 | $800,000 |
| TOTAL | $9,600,000 | $8,000,000 | $0 | $3,200,000 | $3,200,000 | $6,400,000 | $1,600,000 |
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