A John Tavares buyout spans 6 years, has a cost of $1,820,000 and savings of $910,000. Tavares is 31 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $2,730,000 in salary remaining, the cost is $1,820,000, and the savings are $910,000. 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||$2,730,000||$21,120,000||3||6||31||2/3||$1,820,000||$910,000||$303,333|