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A Loui Eriksson buyout spans 6 years, has a cost of $3,333,333 and savings of $1,666,667. Eriksson is 33 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $5,000,000 in salary remaining, the cost is $3,333,333, and the savings are $1,666,667. 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, 2019 | $5,000,000 | $8,000,000 | 3 | 6 | 33 | 2/3 | $3,333,333 | $1,666,667 | $555,556 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT |
| 2019-20 | $1,000,000 | $6,000,000 | $4,000,000 | $555,556 | $4,555,556 | $444,444 | $5,555,556 |
| 2020-21 | $1,000,000 | $6,000,000 | $3,000,000 | $555,556 | $3,555,556 | $444,444 | $5,555,556 |
| 2021-22 | $3,000,000 | $6,000,000 | $1,000,000 | $555,556 | $1,555,556 | $2,444,444 | $3,555,556 |
| 2022-23 | $0 | $0 | $0 | $555,556 | $555,556 | -$555,556 | $555,556 |
| 2023-24 | $0 | $0 | $0 | $555,556 | $555,556 | -$555,556 | $555,556 |
| 2024-25 | $0 | $0 | $0 | $555,556 | $555,556 | -$555,556 | $555,556 |
| TOTAL | $5,000,000 | $18,000,000 | $8,000,000 | $3,333,333 | $11,333,333 | $1,666,667 | $16,333,336 |
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