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A Joel Armia buyout spans 6 years, has a cost of $7,733,333 and savings of $3,866,667. Armia is 29 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $11,600,000 in salary remaining, the cost is $7,733,333, and the savings are $3,866,667. 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, 2022 | $11,600,000 | $0 | 3 | 6 | 29 | 2/3 | $7,733,333 | $3,866,667 | $1,288,889 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( MTL) |
| 2022-23 | $3,000,000 | $3,400,000 | $0 | $1,288,889 | $1,288,889 | $1,711,111 | $1,688,889 |
| 2023-24 | $4,800,000 | $3,400,000 | $0 | $1,288,889 | $1,288,889 | $3,511,111 | -$111,111 |
| 2024-25 | $3,800,000 | $3,400,000 | $0 | $1,288,889 | $1,288,889 | $2,511,111 | $888,889 |
| 2025-26 | $0 | $0 | $0 | $1,288,889 | $1,288,889 | -$1,288,889 | $1,288,889 |
| 2026-27 | $0 | $0 | $0 | $1,288,889 | $1,288,889 | -$1,288,889 | $1,288,889 |
| 2027-28 | $0 | $0 | $0 | $1,288,889 | $1,288,889 | -$1,288,889 | $1,288,889 |
| TOTAL | $11,600,000 | $10,200,000 | $0 | $7,733,333 | $7,733,333 | $3,866,667 | $6,333,334 |
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