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Andrew Ladd Qualifying Offer

A $1,000,000 qualifying offer is required to retain the RFA rights of Andrew Ladd. A two-way qualifying offer is permitted since Ladd 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. However, because the 105% increase results in the contract exceeding $1,000,000, the contract is limited to $1,000,000.

Reference Contract

SIGNING DATE:Sep. 27, 2005
LAST YEAR:2008
ANNUAL AVERAGE:$1,834,200

Salary Calculation

PREVIOUS SALARY:$984,200
SIGNING BONUS:$0
BASE SALARY:$984,200
MULTIPLICATION FACTOR:105%
QUALIFYING OFFER:$1,000,000 (MAXIMUM INCREASED VALUE)

Type Determination

GP REQUIRED LAST SEASON:60
TOTAL GP LAST SEASON:63
GP REQUIRED PREVIOUS 3 SEASONS:180
TOTAL GP PREVIOUS 3 SEASONS:174
CLEARED WAIVERS LAST SEASON: Yes
QUALIFYING OFFER TYPE: Two-Way