SalarySwishSalarySwish

Alex Formenton Qualifying Offer

A $787,500 qualifying offer is required to retain the RFA rights of Alex Formenton. A two-way qualifying offer is permitted since Formenton has not met both the games played and waivers requirements. 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:Oct. 2, 2017
LAST YEAR:2022
ANNUAL AVERAGE:$888,333

Salary Calculation

PREVIOUS SALARY:$750,000
SIGNING BONUS:$0
BASE SALARY:$750,000
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$787,500

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:79
GP REQUIRED PREVIOUS 3 SEASONS:161
TOTAL GP PREVIOUS 3 SEASONS:99
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: Two-Way