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A Kevin Labanc buyout spans 4 years, has a cost of $7,833,333 and savings of $3,916,667. Labanc is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $11,750,000 in salary remaining, the cost is $7,833,333, and the savings are $3,916,667. 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, 2022 | $11,750,000 | $0 | 2 | 4 | 26 | 2/3 | $7,833,333 | $3,916,667 | $1,958,333 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( SJS) |
| 2022-23 | $5,875,000 | $4,725,000 | $0 | $1,958,333 | $1,958,333 | $3,916,667 | $808,333 |
| 2023-24 | $5,875,000 | $4,725,000 | $0 | $1,958,333 | $1,958,333 | $3,916,667 | $808,333 |
| 2024-25 | $0 | $0 | $0 | $1,958,333 | $1,958,333 | -$1,958,333 | $1,958,333 |
| 2025-26 | $0 | $0 | $0 | $1,958,333 | $1,958,333 | -$1,958,333 | $1,958,333 |
| TOTAL | $11,750,000 | $9,450,000 | $0 | $7,833,333 | $7,833,333 | $3,916,667 | $5,533,332 |
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