A $4,500,000 qualifying offer is required to retain the RFA rights of Spencer Knight. 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. 27, 2022
LAST YEAR:2026
ANNUAL AVERAGE:$4,500,000
Salary Calculation
Maximum AAV Multiplier
PREVIOUS AAV:$4,500,000
120% OF AAV MAX:$5,400,000
Final Year Salary Multiplier
PREVIOUS SALARY:$4,500,000
SIGNING BONUS:$0
BASE SALARY:$4,500,000
MULTIPLICATION FACTOR:100%
Result
QO DETERMINED FROM:Multiplication Factor
QUALIFYING OFFER:$4,500,000