A $3,300,000 qualifying offer is required to retain the RFA rights of John Gibson. The qualifying offer is equal to 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater.
Reference Contract
SIGNING DATE:Sep. 21, 2015
LAST YEAR:2019
ANNUAL AVERAGE:$2,300,000
Salary Calculation
PREVIOUS SALARY:$3,300,000
SIGNING BONUS:$0
BASE SALARY:$3,300,000
MULTIPLICATION FACTOR:100%
QUALIFYING OFFER:$3,300,000