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A Jamie Oleksiak buyout spans 6 years, has a cost of $10,166,667 and savings of $5,083,333. Oleksiak is 30 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $15,250,000 in salary remaining, the cost is $10,166,667, and the savings are $5,083,333. Buyouts span twice the length of the remaining years and because there are 3 years remaining in the contract, the buyout length is 6 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 | $15,250,000 | $0 | 3 | 6 | 30 | 2/3 | $10,166,667 | $5,083,333 | $1,694,445 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( SEA) |
| 2023-24 | $6,000,000 | $4,600,000 | $0 | $1,694,445 | $1,694,445 | $4,305,555 | $294,445 |
| 2024-25 | $5,500,000 | $4,600,000 | $0 | $1,694,445 | $1,694,445 | $3,805,555 | $794,445 |
| 2025-26 | $3,750,000 | $4,600,000 | $0 | $1,694,445 | $1,694,445 | $2,055,555 | $2,544,445 |
| 2026-27 | $0 | $0 | $0 | $1,694,445 | $1,694,445 | -$1,694,445 | $1,694,445 |
| 2027-28 | $0 | $0 | $0 | $1,694,445 | $1,694,445 | -$1,694,445 | $1,694,445 |
| 2028-29 | $0 | $0 | $0 | $1,694,445 | $1,694,445 | -$1,694,445 | $1,694,445 |
| TOTAL | $15,250,000 | $13,800,000 | $0 | $10,166,667 | $10,166,667 | $5,083,333 | $8,716,670 |
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