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A Martin Chromiak buyout spans 6 years, has a cost of $766,667 and savings of $1,533,333. Chromiak is 19 years of age at the time of the buyout; therefore, the buyout ratio is 1/3. With $2,300,000 in salary remaining, the cost is $766,667, and the savings are $1,533,333. 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 | $2,300,000 | $160,000 | 3 | 6 | 19 | 1/3 | $766,667 | $1,533,333 | $127,778 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( LAK) |
| 2022-23 | $750,000 | $820,000 | $80,000 | $127,778 | $207,778 | $622,222 | $197,778 |
| 2023-24 | $775,000 | $820,000 | $80,000 | $127,778 | $207,778 | $647,222 | $172,778 |
| 2024-25 | $775,000 | $820,000 | $0 | $127,778 | $127,778 | $647,222 | $172,778 |
| 2025-26 | $0 | $0 | $0 | $127,778 | $127,778 | -$127,778 | $127,778 |
| 2026-27 | $0 | $0 | $0 | $127,778 | $127,778 | -$127,778 | $127,778 |
| 2027-28 | $0 | $0 | $0 | $127,778 | $127,778 | -$127,778 | $127,778 |
| TOTAL | $2,300,000 | $2,460,000 | $160,000 | $766,667 | $926,667 | $1,533,333 | $926,668 |
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