Burnout

• WWizards of the Coast2008-10-01
  Official Ruling
  You may target any instant spell with Burnout. If it’s blue at the time Burnout resolves, that spell will be countered and you’ll draw a card at the beginning of the next turn’s upkeep. If it’s not blue at the time Burnout resolves, that spell won’t be countered, but you’ll still draw a card at the beginning of the next turn’s upkeep.

Rulings via Scryfall