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Cory Schneider Qualifying Offer

A $945,000 qualifying offer is required to retain the RFA rights of Cory Schneider. The qualifying offer is equal to 105% of the previous contracts final season base salary because the salary was greater than $600,000 and less than $1,000,000.

Reference Contract

SIGNING DATE:Jul. 2, 2010
LAST YEAR:2012
ANNUAL AVERAGE:$900,000

Salary Calculation

PREVIOUS SALARY:$900,000
SIGNING BONUS:$0
BASE SALARY:$900,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$945,000