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Alexander Steen Qualifying Offer

A $1,700,000 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 100% of the previous contracts final season base salary because the salary was $1,000,000 or greater.

Reference Contract

SIGNING DATE:Feb. 23, 2008
LAST YEAR:2010
ANNUAL AVERAGE:$1,700,000

Salary Calculation

PREVIOUS SALARY:$1,700,000
SIGNING BONUS:$0
BASE SALARY:$1,700,000
MULTIPLICATION FACTOR:100%
QUALIFYING OFFER:$1,700,000

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:68
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:229
CLEARED WAIVERS LAST SEASON: No
QUALIFYING OFFER TYPE: One-Way