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A Justin Abdelkader buyout spans 6 years, has a cost of $6,333,333 and savings of $3,166,667. Abdelkader is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $9,500,000 in salary remaining, the cost is $6,333,333, and the savings are $3,166,667. 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, 2020 | $9,500,000 | $0 | 3 | 6 | 33 | 2/3 | $6,333,333 | $3,166,667 | $1,055,556 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT |
| 2020-21 | $3,500,000 | $4,250,000 | $0 | $1,055,556 | $1,055,556 | $2,444,444 | $1,805,556 |
| 2021-22 | $3,000,000 | $4,250,000 | $0 | $1,055,556 | $1,055,556 | $1,944,444 | $2,305,556 |
| 2022-23 | $3,000,000 | $4,250,000 | $0 | $1,055,556 | $1,055,556 | $1,944,444 | $2,305,556 |
| 2023-24 | $0 | $0 | $0 | $1,055,556 | $1,055,556 | -$1,055,556 | $1,055,556 |
| 2024-25 | $0 | $0 | $0 | $1,055,556 | $1,055,556 | -$1,055,556 | $1,055,556 |
| 2025-26 | $0 | $0 | $0 | $1,055,556 | $1,055,556 | -$1,055,556 | $1,055,556 |
| TOTAL | $9,500,000 | $12,750,000 | $0 | $6,333,333 | $6,333,333 | $3,166,667 | $9,583,336 |
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