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A Mitchell Marner buyout spans 4 years, has a cost of $1,033,333 and savings of $516,667. Marner is 26 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $1,550,000 in salary remaining, the cost is $1,033,333, and the savings are $516,667. 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, 2023 | $1,550,000 | $14,500,000 | 2 | 4 | 26 | 2/3 | $1,033,333 | $516,667 | $258,333 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( TOR) |
| 2023-24 | $775,000 | $10,903,000 | $7,250,000 | $258,333 | $7,508,333 | $516,667 | $10,386,333 |
| 2024-25 | $775,000 | $10,903,000 | $7,250,000 | $258,333 | $7,508,333 | $516,667 | $10,386,333 |
| 2025-26 | $0 | $0 | $0 | $258,333 | $258,333 | -$258,333 | $258,333 |
| 2026-27 | $0 | $0 | $0 | $258,333 | $258,333 | -$258,333 | $258,333 |
| TOTAL | $1,550,000 | $21,806,000 | $14,500,000 | $1,033,333 | $15,533,333 | $516,667 | $21,289,332 |
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