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A Nick Leddy buyout spans 6 years, has a cost of $7,333,333 and savings of $3,666,667. Leddy is 32 years of age at the time of the buyout; therefore, the buyout ratio is 2/3. With $11,000,000 in salary remaining, the cost is $7,333,333, and the savings are $3,666,667. 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, 2023 | $11,000,000 | $0 | 3 | 6 | 32 | 2/3 | $7,333,333 | $3,666,667 | $1,222,222 |
| SEASON | INITIAL BASE SALARY | INITIAL CAP HIT | SIGNING BONUS | BUYOUT COST | POST-BUYOUT EARNINGS | SAVINGS | CAP HIT ( STL) |
| 2023-24 | $4,500,000 | $4,000,000 | $0 | $1,222,222 | $1,222,222 | $3,277,778 | $722,222 |
| 2024-25 | $3,500,000 | $4,000,000 | $0 | $1,222,222 | $1,222,222 | $2,277,778 | $1,722,222 |
| 2025-26 | $3,000,000 | $4,000,000 | $0 | $1,222,222 | $1,222,222 | $1,777,778 | $2,222,222 |
| 2026-27 | $0 | $0 | $0 | $1,222,222 | $1,222,222 | -$1,222,222 | $1,222,222 |
| 2027-28 | $0 | $0 | $0 | $1,222,222 | $1,222,222 | -$1,222,222 | $1,222,222 |
| 2028-29 | $0 | $0 | $0 | $1,222,222 | $1,222,222 | -$1,222,222 | $1,222,222 |
| TOTAL | $11,000,000 | $12,000,000 | $0 | $7,333,333 | $7,333,333 | $3,666,667 | $8,333,332 |
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