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Alexander Steen Qualifying Offer

A $660,000 qualifying offer is required to retain the RFA rights of Alexander Steen. The qualifying offer must be a one-way contract since Steen met both the games played and waivers requirements. The qualifying offer is equal to 110% of the previous contracts final season base salary because the salary was $600,000 or less.

Reference Contract

SIGNING DATE:Aug. 9, 2005
LAST YEAR:2008
ANNUAL AVERAGE:$883,933

Salary Calculation

PREVIOUS SALARY:$870,200
SIGNING BONUS:$270,200
BASE SALARY:$600,000
MULTIPLICATION FACTOR:110%
QUALIFYING OFFER:$660,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:76
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:233
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way